Chapin Company manufactures generic notebooks.Material is introduced at the beginning of the process in the Printing Department.Conversion costs are applied uniformly throughout the process.The weighted-average method of product costing is used.Data for the Printing Department for the month of June follow: Work-in-process inventory,June 1:
With regard to the work-in-process inventory on June 30,materials are 100 percent complete and conversion costs are 50 percent complete.The unit cost for conversion costs is ________.
A)$2.62
B)$2.80
C)$2.88
D)$3.15

Question

Chapin Company manufactures generic notebooks.Material is introduced at the beginning of the process in the Printing Department.Conversion costs are applied uniformly throughout the process.The weighted-average method of product costing is used.Data for the Printing Department for the month of June follow: Work-in-process inventory,June 1:
   With regard to the work-in-process inventory on June 30,materials are 100 percent complete and conversion costs are 50 percent complete.The unit cost for conversion costs is ________.
A)$2.62 
B)$2.80 
C)$2.88 
D)$3.15

Quizplus · Accepted Answer

The Answer of Chapin Company manufactures generic notebooks.Material is introduced at the beginning of the process in the Printing Department.Conversion costs are applied uniformly throughout the process.The weighted-average method of product costing is used.Data for the Printing Department for the month of June follow: Work-in-process inventory,June 1:
   With regard to the work-in-process inventory on June 30,materials are 100 percent complete and conversion costs are 50 percent complete.The unit cost for conversion costs is ________.
A)$2.62 
B)$2.80 
C)$2.88 
D)$3.15

Chapin Company Manufactures Generic Notebooks