Question: Kansas Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:
Kansas Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:
| Units | Percent Complete with Respect to Conversion | ||||||
| Beginning work-in-process inventory | 11,000 | 50 | % | ||||
| Started into production during June | 98,000 | ||||||
| Ending work-in-process inventory | 21,000 | 80 | % | ||||
According to the company's records, the conversion cost in beginning work-in-process inventory was $46,915 at the beginning of June. Additional conversion costs of $825,183 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round to three decimal places.)
$8.420.
$6.934.
$8.530.
$8.322.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
