The accountant at John's Cycle Manufacturing Company uses the weighted-average costing method.The accountant reported that there were 400 equivalent units of work completed to date,and reported the following cost:
Summary of Total Costs

Required:
Compute the conversion cost-per-unit using the weighted-average costing method.
A)50
B)52
C)54
D)60
E)62

Question

The accountant at John's Cycle Manufacturing Company uses the weighted-average costing method.The accountant reported that there were 400 equivalent units of work completed to date,and reported the following cost:
Summary of Total Costs

Required:
Compute the conversion cost-per-unit using the weighted-average costing method.
A)50 
B)52 
C)54 
D)60 
E)62

Quizplus · Accepted Answer

D)Total conversion costs [(beginning work in process,$6,000 + work completed in current period,$18,000)] = $24,000 / 400 (equivalent units of work completed to date)= $60.00 weighed-average cost per equivalent unit

The Accountant at John's Cycle Manufacturing Company Uses the Weighted-Average