The Rugger Company uses a process costing system. During the period, 500 units were in beginning inventory, 1,400 were started and 1,000 units were completed and transferred out. The beginning work in process was 20% complete and the ending work in process units were 60% complete. Materials started at the beginning of the process and conversion costs are added evenly throughout production. Beginning WIP had $8,950 of materials costs and $860 of conversion costs.. The cost of materials added during the current period amounted to $29,050; the conversion costs added during the current period amounted to $34,560.
- What was the cost per equivalent unit of production for conversion costs, using the weighted- average method?

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The Answer of The Rugger Company uses a process costing system. During the period, 500 units were in beginning inventory, 1,400 were started and 1,000 units were completed and transferred out. The beginning work in process was 20% complete and the ending work in process units were 60% complete. Materials started at the beginning of the process and conversion costs are added evenly throughout production. Beginning WIP had $8,950 of materials costs and $860 of conversion costs.. The cost of materials added during the current period amounted to $29,050; the conversion costs added during the current period amounted to $34,560.
- What was the cost per equivalent unit of production for conversion costs, using the weighted- average method?

The Rugger Company Uses a Process Costing System