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3 August, 09:23

The following information is available for Department X for the month of August: Work in process, August 1: Materials $ 8,480 Conversion costs $15,900 Costs added during August: Materials $29,680 Conversion costs $26,500 Equivalent units of production (weighted average) : Materials 4,240 Conversion 5,300 Department X's cost per equivalent unit for conversion using the weighted average method would be:

Department X's cost per equivalent unit for conversion costs using the weighted average method would be:

a) $8.00.

b) $5.00.

c) $3.00.

d) $9.00.

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Answers (1)
  1. 3 August, 11:14
    0
    a) $8.00

    Explanation:

    Beginning work in progress, conversion $15,900

    Conversion costs incurred during period $26,500

    Total costs to account for $42,400

    Cost per equivalent unit for conversion = $42,400/5,300

    = $8.00

    Therefore, Department X's cost per equivalent unit for conversion costs using the weighted average method would be $8.00
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