Use the following information :
Assume Towery Company uses a process costing system based on the . 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 $51,100 of materials and $79,310 of conversion costs.
-Calculate the average cost per equivalent unit for conversion costs for the month of July.

Question

Use the following information :
Assume Towery Company uses a process costing system based on the . 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 $51,100 of materials and $79,310 of conversion costs.
-Calculate the average cost per equivalent unit for conversion costs for the month of July.

Quizplus · Accepted Answer

The average cost per equivalent unit for conversion costs is calculated by dividing the total conversion costs by the equivalent units of production. The choice $15.40 is likely the result of this calculation based on the given data.

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