Solution-What is the cost per equivalent unit for conversion

What is the cost per equivalent unit for conversion

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Reference no: EM132862052

Question - Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June):

June 1 balance 32,000

Materials 141,245

Direct labor 90,500

Overhead 108,000

Completed and transferred to Finished Goods ?

The June 1 work in process inventory consisted of 4,900 units with $17,380 in materials cost and $14,620 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with respect to conversion. During June, 37,400 units were started into production. The June 30 work in process inventory consisted of 7,800 units that were 100% complete with respect to materials and 50% complete with respect to conversion.

Required - What is the cost per equivalent unit for conversion?

Reference no: EM132862052

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What is the cost per equivalent unit for conversion

Reference no: EM132862052

Reference no: EM132862052

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