Luft Company uses the weighted-average method in its process costing system. Operating data for the first processing
Fantastic news! We've Found the answer you've been seeking!
Question:
Luft 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 $79,893 at the beginning of June. Additional conversion costs of $343,830 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.)
- $7.891
- $8.070
- $5.928
- $4.584
Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Posted Date: