A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.
What is the department's conversion cost per equivalent unit for this month (round final answer to nearest cent if necessary)?
Unit transferred out = 189+10323-214 = 10298
Equivalent unit of conversion = 10298+(214*46%) = 10396.44
Total Cost of conversion = (1493+85642) = 87135
Cost per equivalent unit of conversion = 87135/10396.44 = 8.38
A department uses the weighted average method of process costing. All direct materials are added at...
A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month. 170 units in beginning WIP (66% complete with respect to conversion costs). 10,089 units started 102 units in ending WIP (64% complete with respect to conversion costs). $2,200 beginning WIP direct materials costs $2,218 beginning WIP conversion costs $97,006 current month direct materials costs $106,810 current month conversion costs What...
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