beginning work in process inventory: 2000 tires, 100% complete for direct materi

Question

beginning work in process inventory: 2000 tires, 100% complete for direct materials, 60% complete for coversion costs, cost of direct materials=$12,000, cost of direct labor and manufacturing overhead allocated=$10,000
Current period activity: 12,600 tires completed, cost of direct materials added=$300,950, cost of labor and manufacturing overhead allocated=$232,980
Ending work in process inventory: 4500 units, 100% complete for direct materials, 40% complete for conversion costs.

What is the conversion cost per equilalent unit of production?
Please help!!!

Explanation / Answer

conversion cost per equilalent unit of production= as beginig cost = 60% of 12000 = $7200 and ending inventory conversion cost = 40% of 4500 = $1800 so conversion cost per equilalent unit of production= 7200-1800 =$5400

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