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 | 13,000 | 50 | % | ||||
| Started into production during June | 103,000 | ||||||
| Ending work-in-process inventory | 25,000 | 80 | % | ||||
According to the company's records, the conversion cost in beginning work-in-process inventory was $54,915 at the beginning of June. Additional conversion costs of $831,183 were incurred in the department during the month.
What was the cost per equivalent unit for conversion costs for the month? (Round your answer to 3 decimal places.)
$7.983.
$8.560.
$8.670.
$7.044.
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