Question: Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process.

Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process. The company's beginning and ending work-in-process inventories totaled 16,500 units and 21,500 units, respectively, with the latter units being 2/3 complete at the end of the period.

Universal started 37,800 units into production and completed 32,800 units. Manufacturing costs follow. Beginning work in process: Materials, $62,000; conversion cost, $153,000 Current costs: Materials, $201,000; conversion cost, $537,000

Universal's equivalent-unit cost for materials is:

$6.84.

$4.84.

None of these.

$3.34.

$8.44.

Universal's equivalent-unit cost for conversion cost is:

$10.35.

$17.64.

None of these.

$21.84.

$14.64.

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