A tennis ball maker gives us its data for the year:

Units in ending WIP Inventory were 90% complete for materials and 60% complete for conversion costs.
On December 31,the cost per equivalent unit for conversion costs would be closest to

Question

A tennis ball maker gives us its data for the year:

Units in ending WIP Inventory were 90% complete for materials and 60% complete for conversion costs.
On December 31,the cost per equivalent unit for conversion costs would be closest to

Quizplus · Accepted Answer

A)Conversion
Completed 5,600
End Inv.2,900 × 60% 1,740
Total units 7,340
Costs 12,111 (6,500 + 5,611)
Unit costs $1.65

A Tennis Ball Maker Gives Us Its Data for the Year