Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Timekeeper Inc. uses weighted-average costing.

What is the conversion cost per equivalent unit in June?
A) $482.99
B) $659.27
C) $387.14
D) $354.51

Question

Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Timekeeper Inc. uses weighted-average costing.

What is the conversion cost per equivalent unit in June?

What is the conversion cost per equivalent unit in June?
A) $482.99 
B) $659.27 
C) $387.14 
D) $354.51

Quizplus · Accepted Answer

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