Problempineapple company uses a weighted-average, Ask an Expert

Accounting

Problem:

Pineapple Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units during the month and had 10,000 units in process at month-end, 20% complete. Conversion costs associated with the beginning work-in-process inventory amounted to $231,000, and amounts that relate to the current month totaled $966,000.

Required:

Question: If conversion is incurred uniformly throughout manufacturing, Peach's equivalent-unit cost is:

a. $23.00.

b. $23.94.

c. $24.15.

d. $28.50.

Note: Please show how you came up with the solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164347

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