29. Hache Corporation uses the weighted-average method in its process costing sy

Question

29. Hache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $7,480. An additional 89,000 units were started into production during the month and 92,000 units were completed in the Welding Department and transferred to the next processing department. There were 14,000 units in the ending work in process inventory of the Welding Department that were 90% complete with respect to conversion costs. A total of $202,400 in conversion costs were incurred in the department during the month. What is the cost per equivalent unit for the month?

Explanation / Answer

Given information -

Computation of Equivalent units -

Compuation of equivalent unit cost -

Cost per equivalent unit for the month = $2.01

Please comment in case of further clarification required/wring answer.

physcial units Labor Beginning WIP 17000 20% unit started in production 89000 Units completed 92000 Ending WIP 14000 90%

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