Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. easton company, on march 1, 2021 has a beginning w

Easton Company, on March 1, 2021 has a beginning Work in Process inventory of zero....

80.2K

Verified Solution

Question

Accounting

Easton Company, on March 1, 2021 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Easton started into production 14,000 units. At the end of the month there were 9,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 50% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:

Direct Material $20,000

Direct Labor 12,000

Factory Overhead 35,000

Easton uses the weighted-average process costing method. Use this information to determine the conversion cost per equivalent unit for the month of March. (Round your answer to the closest cent per unit)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students