The following information is available for Department X for the month of August: Work in process, August 1: Materials $ 8,480 Conversion costs $15,900 Costs added during August: Materials $29,680 Conversion costs $26,500 Equivalent units of production (weighted average) : Materials 4,240 Conversion 5,300 Department X's cost per equivalent unit for conversion using the weighted average method would be:

Department X's cost per equivalent unit for conversion costs using the weighted average method would be:

a) $8.00.

b) $5.00.

c) $3.00.

d) $9.00.

Question

Naomi Simon

Business

25 December, 13:00

The following information is available for Department X for the month of August: Work in process, August 1: Materials $ 8,480 Conversion costs $15,900 Costs added during August: Materials $29,680 Conversion costs $26,500 Equivalent units of production (weighted average) : Materials 4,240 Conversion 5,300 Department X's cost per equivalent unit for conversion using the weighted average method would be:

Department X's cost per equivalent unit for conversion costs using the weighted average method would be:

a) $8.00.

b) $5.00.

c) $3.00.

d) $9.00.

+3

Answers (1)

Know the Answer?

Escobar · Answer 1

a) $8.00

Explanation:

Beginning work in progress, conversion $15,900

Conversion costs incurred during period $26,500

Total costs to account for $42,400

Cost per equivalent unit for conversion = $42,400/5,300

= $8.00

Therefore, Department X's cost per equivalent unit for conversion costs using the weighted average method would be $8.00