Lanjan Corporation 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 Complete Conversion Beginning work in process inventory 14,000 50 Started into production during June 76,000 Ending work in process inventory 20,000 10 According to the company's records, the conversion cost in beginning work in process inventory was $92,218 at the beginning of June Additional conversion costs of $571,618 were incurred in the department during the month What was the cost per equivalent unit for conversion costs for the month (Round off to three decimal places ) a $9 410 b $7 521 c $5 954 d $9 220

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Question: Lanjan Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:

Lanjan Corporation 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	% Complete - Conversion
Beginning work in process inventory	14,000	50%
Started into production during June	76,000
Ending work in process inventory	20,000	10%

According to the company's records, the conversion cost in beginning work in process inventory was $92,218 at the beginning of June. Additional conversion costs of $571,618 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)

	a.	$9.410
	b.	$7.521
	c.	$5.954
	d.	$9.220

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