Parmentier company uses the weighted

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Reference no: EM13951982

Parmentier Company uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January.

	Units	Percent Complete with Respect to Conversion
Beginning work in process inventory	4,500	80%
Transferred in from the prior department during January	56,100
Completed and transferred to the next department during January	54,000
Ending work in process industry	6,600	20%
The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $8,696 and a total of $97,668 in conversion costs were incurred in the department during January. What was the cost per equivalent unit for conversion costs for January in the Molding Department? (Round off to three decimal places.)

$2.416

$1.741

$1.923

$1.583

Reference no: EM13951982

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