Elard Company uses the FIFO method in its process costingsystem. The first processing department, the Welding Department,started the month with 14,000 units in its beginning work inprocess inventory that were 70% complete with respect to conversioncosts. The conversion cost in this beginning work in processinventory was $101,140. An additional 64,000 units were startedinto production during the month. There were 24,000 units in theending work in process inventory of the Welding Department thatwere 80% complete with respect to conversion costs. A total of$519,880 in conversion costs were incurred in the department duringthe month.
The cost per equivalent unit for conversion costs is closestto:
a. $7.79
b. $8.12
c. $8.20
d. $8.45
Elard Company uses the FIFO method in its process costingsystem. The first processing department, the Welding Department,started the month with 14,000 units in its beginning work inprocess inventory that were 70% complete with respect to conversioncosts. The conversion cost in this beginning work in processinventory was $101,140. An additional 64,000 units were startedinto production during the month. There were 24,000 units in theending work in process inventory of the Welding Department thatwere 80% complete with respect to conversion costs. A total of$519,880 in conversion costs were incurred in the department duringthe month.
The cost per equivalent unit for conversion costs is closestto:
a. $7.79
b. $8.12
c. $8.20
d. $8.45
Related questions
Baker Corporation uses the weighted-average method in itsprocess costing system. The Assembly Department started the monthwith 14,000 units in its beginning work in process inventory thatwere 90% complete with respect to conversion costs. An additional96,000 units were transferred in from the prior department duringthe month to begin processing in the Assembly Department. Therewere 21,000 units in the ending work in process inventory of theAssembly Department that were 90% complete with respect toconversion costs. What were the equivalent units for conversioncosts in the Assembly Department for the month? |
Baker Corporation uses the weighted-average method in itsprocess costing system. The Assembly Department started the monthwith 9,400 units in its beginning work in process inventory thatwere 80% complete with respect to conversion costs. An additional96,000 units were transferred in from the prior department duringthe month to begin processing in the Assembly Department. Therewere 14,500 units in the ending work in process inventory of theAssembly Department that were 80% complete with respect toconversion costs. What were the equivalent units for conversioncosts in the Assembly Department for the month? |
94,980
102,500
101,100
90,900
