Luna Manufacturing uses a process costing-system. Luna uses the weighted average method. The following information pertains to operations for the month of January: Units Beginning work-in-process inventory, January 1 14,000 Started in production during January 370,000 Completed production during January 187,000 Ending work-in-process inventory, January 31 197,000 The beginning inventory was 80% complete for materials and 40% complete for conversion costs. The ending inventory was 85% complete for materials and 30% complete for conversion costs. Costs pertaining to the month of January are as follows: Beginning inventory costs are: materials of $152,800 and conversion cost of $165,600. Costs incurred during January are: materials used of $1,849,200 and conversion cost of $2,410,800. What is the conversion cost per equivalent unit for December, rounded to two decimal places?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Luna Manufacturing uses a process costing-system. Luna uses the weighted average method. The following information pertains to operations ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
An 80%-owned subsidiary sells merchandise to its parent at a markup of 25% on cost. During the current year, the parent paid $725,000 for merchandise received from the subsidiary.
Answers (1)
Which is riskier, but has the potential for a higher rate of return? saving or investing
Answers (2)
As the term "global" become "local", and as we see more opportunities to compete in the global market, A. the long-term trend is for most nations to operate as mixed economies. B.
Answers (1)
A DI has two assets: 50 percent in one-month T-bills and 50 percent in real estate loans. If the DI must liquidate its T-bills today, it receives $98 per $100 of face value;
Answers (1)
Henrich is a single taxpayer. In 2019, his taxable income is $455,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios?
Answers (1)
New Questions in Business
Lori contracts to buy coffee beans for her store from Mike. The contract price is $7.50 per pound of Costa Rican coffee. Mike breaches the contract and delivers no coffee. Lori's damages will likely be
Answers (1)
Using the services of financial institutions or financial specialists (such as insurance agents, certified financial planners or investment advisers) to seek relevant information is done in which step in the financial planning process
Answers (1)
Gregg Company supplies schools with floor mattresses to use in physical education classes. Gregg has received a special order from a large school district to buy 600 mats at $45 each.
Answers (1)
Dove, Inc., had additions to retained earnings for the year just ended of $635,000. The firm paid out $80,000 in cash dividends, and it has ending total equity of $7.30 million.
Answers (1)
Which of the following strategies should a company NOT adopt if it wants to win a format war? a. Joining forces with other companies to develop new technologies b. Charging extremely high license fee for the technology c.
Answers (1)