Use the following information for Multiple Choice Questions below:
Assume Towery Company uses a process costing system based on the weighted average method. Towery's accountant produces the following equivalent unit calculations for the month of July for the first department:
Also assume that the beginning inventory had accumulated $2,850 of materials and $7,930 of conversion costs in the previous month. During the month of July, current costs included $34,998 of materials and $97,412 of conversion costs.
-Calculate the average cost per equivalent unit for conversion costs for the month of July.

Question

Use the following information for Multiple Choice Questions below: 
Assume Towery Company uses a process costing system based on the weighted average method. Towery's accountant produces the following equivalent unit calculations for the month of July for the first department:
  Also assume that the beginning inventory had accumulated $2,850 of materials and $7,930 of conversion costs in the previous month. During the month of July, current costs included $34,998 of materials and $97,412 of conversion costs.
-Calculate the average cost per equivalent unit for conversion costs for the month of July.

Quizplus · Accepted Answer

[Not all information below pertains to this question.]
 11ee472f_ef02_feff_a6cd_73f99a9f4047_TBCB1009_00

Use the Following Information for Multiple Choice Questions Below