Luft company uses the weighted-average method in its
Course:- Accounting Basics
Reference No.:- EM13601503

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Luft Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:

  • % Complete with respect
  • Units to Conversion Costs
  • WIP, Beg 6,000 90%
  • Units started in June 58,000
  • WIP, End 17,000 10%

According to the company's records, the conversion cost in beginning work in process inventory was $79,893 at the beginning of June. Additional conversion costs of $343,830 were incurred in the department during the month.What was the cost per equivalent unit for conversion costs for the month?

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