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Compute the conversion cost per equivalent unit

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Reference no: EM132610619

Question 1: A company uses the weighted average method for inventory costing. At the start of a period the production department had 34,000 units in beginning WIP inventory which were 47% complete; the department completed and transferred 172,000 units. At the end of the period, 29,000 units were in the ending WIP inventory and are 82% complete. The production department had conversion costs in the beginning goods in process inventory of $106,000 and total conversion costs added during the period are $727,000. Compute the conversion cost per equivalent unit.

Reference no: EM132610619

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