Flagstone company uses a weighted-average process costing system. Company records disclosed that the firm completed...
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Flagstone company uses a weighted-average process costing system. Company records disclosed that the firm completed 100,000 units during the month and had 20,000 units of work in process at month end which is 25% complete. Conversion costs related to the beginning work in process inventory amounted to $210,000, and amounts incurred during the current month totalled $840,000. If conversion is incurred uniformly throughout manufacturing, Flagstones equivalent-unit cost is:
A. $10.50
B. $10.00
C. $9.00
D. $8.40
E. $7.88
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