SIM Industrial Pte Ltd uses the weighted-average method in its process costing system.

Operating data for the first processing department for the month of May appear below:

Beginning work in process inventory

Transferred in from prior department

Ending work in process inventory

Units

6,300

65.500

4.600

Percent Complete with Respect to Conversion

10%

70%

According to the company's records, the conversion cost in beginning work in process inventory was $28,300 at the beginning of May. Additional conversion costs of $240,000 were incurred in the department during the month

Required:

(Note: Round your answers to 2 decimal places)

Calculate the equivalent units of production for conversion costs.

(6 marks)

(b)

Calculate the cost per equivalent unit for conversion costs.

SIM Industrial Pte Ltd uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of May appear below: According to the company's records, the conversion cost in beginning work in process inventory was $28,300 at the beginning of May. Additional conversion costs of $240,000 were incurred in the department during the month. Required: (Note: Round your answers to 2 decimal places) (a) Calculate the equivalent units of production for conversion costs. (6 marks) (b) Calculate the cost per equivalent unit for conversion costs. (4 marks)