Che Qs 16-7 Weighted average: Cost per EUP LO C3 A production department\'s begi

Question

Che Qs 16-7 Weighted average: Cost per EUP LO C3 A production department's beginning inventory cost includes $444,000 of conversion costs. This department incurs an additional $1,027,500 in conversion costs in the month of March. Equivalent units of production for conversion total 935,000 for March. Calculate the cost per equivalent unit of conversion using the weighted-average method. Cost per equivalent unit of conversion Choose Denominator Choose Numerator Cost per equivalent unit of production

Explanation / Answer

Costs to be allocated/Equivalent units of production = Cost per equivalent unit of production 1471500/935000 = $1.57 (rounded off)

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