Paxton Corporation uses the weighted-average method in its process costing system.The Molding Department is the second department in its production process.The data below summarize the department's operations in January. The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $10,973 and a total of $268,107 in conversion costs were incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:

Question

Paxton Corporation uses the weighted-average method in its process costing system.The Molding Department is the second department in its production process.The data below summarize the department's operations in January.  The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $10,973 and a total of $268,107 in conversion costs were incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:

Quizplus · Accepted Answer

Weighted-average method
 11eaa3fe_3313_af7f_908b_cfa4cf504157_TB2461_00 
 11eaa3fe_3313_d690_908b_b750d8d3e069_TB2461_00

Paxton Corporation Uses the Weighted-Average Method in Its Process Costing