In the cutting department of chess company conversion costs, Ask an Expert

Accounting

In the cutting department of Chess Company, conversion costs are added uniformly throughout the process. With the information given below, calculate the cost per equivalent unit for conversion using the average cost procedure.

Conversion

Units Costs

Beginning inventory...................... 8,500 $12,800

Started during period.................... 41,000 70,000

Ending work in process inventory

(50% complete).......................... 7,000

A. $1.34

B. $1.80

C. $2.04

D. $1.58

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92046714

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