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Calculate the cost per equivalent unit for conversion

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Problem 1: In the cutting department of Chess Company, conversion costs are added uniformly throughout the process. With the information given below, calculate the cost per equivalent unit for conversion using the average cost procedure.

                                                       Units          Conversion Costs
Beginning inventory...................... 14,000            $16,900
Started during period.................... 56,000              $43,900
Ending work in process inventory
(70% complete).......................... 20,000

Reference no: EM132725706

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