Luft company uses the weighted-average method in its, Ask an Expert

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Luft Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:

% Complete with respect
Units to Conversion Costs
WIP, Beg 6,000 90%
Units started in June 58,000
WIP, End 17,000 10%

According to the company's records, the conversion cost in beginning work in process inventory was $79,893 at the beginning of June. Additional conversion costs of $343,830 were incurred in the department during the month.What was the cost per equivalent unit for conversion costs for the month?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9979080

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