Rosey Inc. is a factory that manufactures pink silk flower petals. They have gathered the following production information along with percentages of completion for their most recent month of February:
Rosey had beginning Work-in-Progress (WIP) Inventory costs that included: Silk, $3,808; and Conversion Costs, $4,993. Rosey added the following costs during the year: Silk, $57,009; and Conversion Costs, $67,013. What is the cost per equivalent unit for Conversion Costs using both the First-In, First-Out (FIFO) and Weighted-Average methods? (Round units to whole number and cost to two decimal places.)

Question

Rosey Inc. is a factory that manufactures pink silk flower petals. They have gathered the following production information along with percentages of completion for their most recent month of February:
  Rosey had beginning Work-in-Progress (WIP) Inventory costs that included: Silk, $3,808; and Conversion Costs, $4,993. Rosey added the following costs during the year: Silk, $57,009; and Conversion Costs, $67,013. What is the cost per equivalent unit for Conversion Costs using both the First-In, First-Out (FIFO) and Weighted-Average methods? (Round units to whole number and cost to two decimal places.)

Quizplus · Accepted Answer

The Answer of Rosey Inc. is a factory that manufactures pink silk flower petals. They have gathered the following production information along with percentages of completion for their most recent month of February:
  Rosey had beginning Work-in-Progress (WIP) Inventory costs that included: Silk, $3,808; and Conversion Costs, $4,993. Rosey added the following costs during the year: Silk, $57,009; and Conversion Costs, $67,013. What is the cost per equivalent unit for Conversion Costs using both the First-In, First-Out (FIFO) and Weighted-Average methods? (Round units to whole number and cost to two decimal places.)

Rosey Inc Is a Factory That Manufactures Pink Silk Flower Petals