Question: *****Use the following data to answer the next two (2) questions***** Gone Co. uses weighted average process costing. At the end of the period, they

*****Use the following data to answer the next two (2) questions*****

Gone Co. 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?

ANSWER: __________________(7 PTS.)

  1. What is the cost per unit for conversion?

ANSWER: __________________(7 PTS.)

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