15) Kansas Company uses the weighted-average method in its process costing system. Operating...
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Accounting
15)
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:
Units Percent Complete with Respect to Conversion
Beginning work-in-process inventory 11,000 50%
Started into production during June 98,000
Ending work-in-process inventory 21,000 80%
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?
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