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Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two...

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Accounting

Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materlals are added at the beginning of the production process. Conversion costs are alfocated evenly throughout production. Timekeeper Inc. uses weighted-average costing.
Data for the Assembly Department for June 2017 are:
Work in process, beginning inventory
390 units
Direct materials (100% complete)
Conversion costs (50% complete)
Units started during June
Work in process, ending inventory:
1040 units
Direct materials complete)
Conversion costs (85% complete)
Costs for June 2017:
Work in process, beginning inventory:
Direct materials
Conversion costs
Direct materials costs added during June
Conversion costs added during June
$92,500
$138,500
$603,000
$403,500
What is the conversion cost per equivalent unit in June?
A) $354.51
B) $482.99
C) $659.27
D) $387.14
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