Help Save & Exit Richards Corporation uses the weighted-average method of proces

Question

Help Save & Exit Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department Units: Beginning Inventory: 89,000 units, 80% complete as to materials and 25% complete as to conversion. Units started and completed: 268,000 Units completed and transferred out: 357000. Ending inventory: 34,500 units, 30% complete as to materials and 10% complete as to conversion. Costs Costs in beginning Work in Process Direct Materials: $46,200 Costs in beginning Work in Process Conversion: $88,700 Costs incurred in October- Direct Materials $722,370 Costs incurred in October- Conversion: $1,075,630. Calculate the cost per equivalent unit of conversion. Mumple Choice $3 03 $2.44 o search

Explanation / Answer

Answer is $3.23

Units Completed 357000 Ending WIP Units 34500*.10 3450 Equivalent Units Conversion 360450

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