Question: Percent Complete with Units Respect to Conversion Beginning work in process inventory .. 11,000 50% Stared into production during June .. 98,000 Ending work in
| Percent Complete with | |||
| Units | Respect to Conversion | ||
| Beginning work in process inventory | .. | 11,000 | 50% |
| Stared into production during June | .. | 98,000 | |
| Ending work in process inventory | .. | 21,000 | 80% |
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 above: 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.)
| a. | $8.420 | |
| b. | $6.934 | |
| c. | $8.530 | |
| d. | $8.322 |
| Percent Complete with | |||
| Units | Respect to Conversion | ||
| Beginning work in process inventory | .. | 11,000 | 50% |
| Stared into production during June | .. | 98,000 | |
| Ending work in process inventory | .. | 21,000 | 80% |
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 above: 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.)
| a. | $8.420 | |
| b. | $6.934 | |
| c. | $8.530 | |
| d. | $8.322 |
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