ThomsonCo. uses weighted average process costing. At the end of the period, they had the following data:

Equivalent units in BI 2,400 Costs in Beginning WIP:

Equivalent units to FG 4,000 DM : $2,000

Equivalent units in EI: Conversion : $8,000

DM: 1,600 Current costs:

CC: 1,200 DM $6,000

Conversion $3,000

1. What is the cost per unit for DM?

2. What is the cost per unit for conversion?

Answer rating: 100% (QA)

Answer I a Cost per unit of DM Formula Beginning costDMCurrent costDMEquivalent beginningFG... View the full answer