Figure 6-14 The following information is available for Department A for the month of January:
Materials are added at the beginning of the process.Round unit costs to two decimal places.
-
Refer to Figure 6-14.The cost per equivalent unit of production for conversion using the weighted average method is

Question

Figure 6-14 The following information is available for Department A for the month of January:
 Materials are added at the beginning of the process.Round unit costs to two decimal places.
-
Refer to Figure 6-14.The cost per equivalent unit of production for conversion using the weighted average method is

Quizplus · Accepted Answer

To calculate cost per equivalent unit for conversion using weighted average method, we use the formula:
Cost per equivalent unit for conversion = Cost of beginning WIP Inventory + Cost added during the period ÷ Equivalent units of production

From the given information in the figure, we have the following:

- Cost of beginning WIP inventory for conversion = $0
- Cost added during the period for conversion = $9,125
- Equivalent units of production for conversion = 3,000

Using the above values in the formula, we get:
Cost per equivalent unit for conversion = $9,125 ÷ 3,000 = $3.04 (rounded to two decimal places)

Therefore, the cost per equivalent unit of production for conversion using the weighted average method is $3.06.

Figure 6-14 the Following Information Is Available for Department a for the Month