Question: Holcomb Company uses the weighted - average method in its process costing system. The Shaping Department is the second department in its production process. The
Holcomb Company uses the weightedaverage method in its process costing system. The Shaping Department is the second department in its production process. The data below summarize the department\'s operations in January. UnitsPercent Complete with Respect to ConversionBeginning workinprocess inventoryTransferred in from the prior department during January Completed and transferred to the next department during January Ending workinprocess inventory The accounting records indicate that the conversion cost that had been assigned to beginning workinprocess inventory was $ and a total of $ in conversion costs were incurred in the department during January.What was the cost per equivalent unit for conversion costs for January in the Shaping Department?
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