Reference no: EM133001239

Canyon Company's Assembly Department has the following production and manufacturing information for February:

Units:

14,800 in beginning inventory that are 100 percent complete for materials and 29 percent for conversion.
20,500 units finished and transferred out.
7,150 units in ending inventory that are 100 percent complete for materials and 36 percent complete for conversion.

Costs:

                     Materials            Conversion

Beginning           $7,350                 $24,400

Current               14,800                   54,800

Required:

Problem 1: Calculate cost per equivalent unit using the weighted-average method.