Larner 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 Percent Complete with Respect to Conversion Beginning work in process inventory 24,000 40 Started into production during June 86,000 Ending work in process inventory 19,000 20 According to the company's records, the conversion cost in beginning work in process inventory was $68,064 at the beginning of June Additional conversion costs of $585,324 were incurred in the department during the month The cost per equivalent unit for conversion costs for the month is closest to A) $6 806 B) $7 090 C) $6 892 D) $5 575

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Question: Larner 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:

Larner 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	Percent Complete with Respect to Conversion
Beginning work in process inventory	24,000	40%
Started into production during June	86,000
Ending work in process inventory	19,000	20%

According to the company's records, the conversion cost in beginning work in process inventory was $68,064 at the beginning of June. Additional conversion costs of $585,324 were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to:

A) $6.806

B) $7.090

C) $6.892

D) $5.575

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