milkshakegrande101
25.02.2020 •
Business
Larner Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: According to the company's records, the conversion cost in beginning work in process inventory was $68,064 at the beginning of June. Additional conversion costs of $585,324 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)
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Ответ:
$6.892
Explanation:
Remember, the Conversion costs is implies a combination of direct labor costs and manufacturing overhead costs.
Therefore, from the question it is inferred that;
24,000 (Beginning of June work in process)
86,000 (Started into production during June)
19,000 (Ending work in process inventory)
91,000 (TransOut)
3800 (Equivalent End)
The Equivalent units for period = 94,800
$585,324 (Conversion cost for period for month)
$68,064 (Beginning Conversion cost)
$653,388 / 94,800 = $6.892 cost per equivalent unit
Ответ:
Refer below.
Explanation:
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