Question

A company uses the weighted average method for inventory costing. At the start of a period the production department had 24,000 units in beginning Work in Process inventory which were 42% complete; the department completed and transferred 167,000 units. At the end of the period, 24,000 units were in the ending Work in Process inventory and are 77% complete. The production department had conversion costs in the beginning goods is process inventory of $101,000 and total conversion costs added during the period are $726,875. Compute the conversion cost per equivalent unit.

Answer 1

Answer:

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