Assuming that the company uses the weighted-average method, the cost per equivalent unit for conversion costs for June is closest to:
A)$1.64
B)$1.56
C)$1.74
D)$1.48

Question

Quizplus · Accepted Answer

The weighted-average method calculates the cost per equivalent unit by dividing the total conversion costs by the total equivalent units. Based on the given options, $1.64 is the closest to the calculated cost per equivalent unit for conversion costs.

Assuming That the Company Uses the Weighted-Average Method, the Cost