Question: Compute the conversion cost per equivalent unit for the Production department using the weighted-average method. Units Direct Materials Percent Complete Conversion Percent Complete Beginning work

Compute the conversion cost per equivalent unit for the Production department using the weighted-average method.

Units Direct Materials Percent Complete Conversion Percent Complete
Beginning work in process inventory 30,000 100% 30%
Units started and completed 70,000
Units completed and transferred out 100,000
Ending work in process inventory 20,000 100% 55%

Production cost information for the Production department follows.

Beginning work in process
Conversion $ 53,900
Costs added this period
Conversion 452,650

Multiple Choice

  • $2.70.

  • $4.56.

  • $0.77.

  • $4.08.

  • $5.07.

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