Pineapple Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000...
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Pineapple Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units during the month and had 10,000 units in process at month-end, 20% complete. Conversion costs associated with the beginning work-in-process inventory amounted to $231,000, and amounts that relate to the current month totaled $966,000. If conversion is incurred uniformly throughout manufacturing, Peach's equivalent-unit cost is:
a. $23.00. b. $23.94. c. $24.15. d. $28.50.
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