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 data
Holcomb Company uses the weighted average 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 Percent Complete with Respect to Conversion 908 Units 6,600 56,500 Beginning work-in-process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work-in-process inventory 54,100 9,000 308 The accounting records indicate that the conversion cost that had been assigned to beginning work-in-process inventory was $6,496 and a total of $91,168 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? (Round your answer to 3 decimal places.)
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