Question: Loll 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:
Loll 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: 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 off to three decimal places.)
| $8.420 | |
| $6.934 | |
| $8.530 | |
| $8.322 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
