Kansas Company uses the weighted-average method in its process costing system.Operating data for the first processing department for the month of June appear below:
$$\begin{array} { | l | c | c | }
\hline & \text { Units } & \begin{array} { c }
\text { Percent Complete with } \
\text { Respect to Comersion }
\end{array} \
\hline \begin{array} { l }
\text { Beginning work-in- } \
\text { process inventory }
\end{array} & 11,000 & 50 \% \
\hline \begin{array} { l }
\text { Started into } \
\text { production during } \
\text { June }
\end{array} & 98,000 & \
\hline \begin{array} { l }
\text { Ending work-in- } \
\text { process inventory }
\end{array} & 21,000 & 80 \% \
\hline
\end{array}$$
According to the company's records,the conversion cost in beginning work-in-process inventory was $46,915 at the beginning of June.Additional conversion costs of $825,183 were incurred in the department during the month.What was the cost per equivalent unit for conversion costs for the month? (Round to three decimal places. )

Question

Kansas Company uses the weighted-average method in its process costing system.Operating data for the first processing department for the month of June appear below:
$$\begin{array} { | l | c | c | } 
\hline & \text { Units } & \begin{array} { c } 
\text { Percent Complete with } \
\text { Respect to Comersion }
\end{array} \
\hline \begin{array} { l } 
\text { Beginning work-in- } \
\text { process inventory }
\end{array} & 11,000 & 50 \% \
\hline \begin{array} { l } 
\text { Started into } \
\text { production during } \
\text { June }
\end{array} & 98,000 & \
\hline \begin{array} { l } 
\text { Ending work-in- } \
\text { process inventory }
\end{array} & 21,000 & 80 \% \
\hline
\end{array}$$
 According to the company's records,the conversion cost in beginning work-in-process inventory was $46,915 at the beginning of June.Additional conversion costs of $825,183 were incurred in the department during the month.What was the cost per equivalent unit for conversion costs for the month? (Round to three decimal places. )

Quizplus · Accepted Answer

The Answer of Kansas Company uses the weighted-average method in its process costing system.Operating data for the first processing department for the month of June appear below:
$$\begin{array} { | l | c | c | } 
\hline & \text { Units } & \begin{array} { c } 
\text { Percent Complete with } \
\text { Respect to Comersion }
\end{array} \
\hline \begin{array} { l } 
\text { Beginning work-in- } \
\text { process inventory }
\end{array} & 11,000 & 50 \% \
\hline \begin{array} { l } 
\text { Started into } \
\text { production during } \
\text { June }
\end{array} & 98,000 & \
\hline \begin{array} { l } 
\text { Ending work-in- } \
\text { process inventory }
\end{array} & 21,000 & 80 \% \
\hline
\end{array}$$
 According to the company's records,the conversion cost in beginning work-in-process inventory was $46,915 at the beginning of June.Additional conversion costs of $825,183 were incurred in the department during the month.What was the cost per equivalent unit for conversion costs for the month? (Round to three decimal places. )

Kansas Company Uses the Weighted-Average Method in Its Process Costing