Ask Question
24 November, 02:01

EA6.

LO 5.3There were 2,400 units in ending work in process inventory that were 100% complete with regard to material and 25% complete with regard to conversion costs. Ending work in process inventory had a cost of $9,000 and a per-unit material cost of $2. What was the conversion cost per unit using the weighted-average method?

+4
Answers (1)
  1. 24 November, 05:12
    0
    The conversion cost per unit using the weighted-average method is $ 7.

    Explanation:

    This problem requires us to calculate the conversion cost per unit using the weighted-average method. The detail calculation is given below.

    A - Ending Inventory = 2,400 units

    B - Material % completion = 100%

    C-Conversion Cost % Completion = 25%

    D-Ending inventory total cost = $9,000

    E-Ending inventory conversion cost = D - (A*2) = $ 4,200

    F - Per unit conversion cost = 4,200 / (2,400*25%) = $ 7
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “EA6. LO 5.3There were 2,400 units in ending work in process inventory that were 100% complete with regard to material and 25% complete with ...” 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