Reference no: EM132534428

Point 1: Kenney Co. uses process costing to account for the production of canned energy drinks. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 14,900 units for materials and 14,500 units for conversion costs. Beginning inventory consisted of $8,000 in materials and $5,775 in conversion costs. April costs were $31,200 for materials and $50,750 for conversion costs. Ending inventory still in process was 5,800 units (100% complete for materials, 50% for conversion).

Question 1: What The cost per equivalent unit for conversion costs using the weighted average method would be