Ready Company adds direct materials at the beginning of the process and adds conversion costs throughout the process.Data for the Finishing Department follows:

The cost per equivalent unit for conversion costs would be closest to

Question

Ready Company adds direct materials at the beginning of the process and adds conversion costs throughout the process.Data for the Finishing Department follows:

The cost per equivalent unit for conversion costs would be closest to

Quizplus · Accepted Answer

A)
Completed units 41,000
End WIP 10,000 (20,000 × 50%)
51,000
Costs
Beg WIP $23,400
Trans in 239,250
262,650
Unit Costs $5.15

Ready Company Adds Direct Materials at the Beginning of the Process