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26 November, 06:36

EA6.

LO 5.3There were 2,400 units in ending work in process inventory that were 100% complete with regard to material and 25% complete with regard to conversion costs. Ending work in process inventory had a cost of $9,000 and a per-unit material cost of $2. What was the conversion cost per unit using the weighted-average method?

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  1. 26 November, 09:47
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    The conversion cost per unit using the weighted-average method is $ 7.

    Explanation:

    This problem requires us to calculate the conversion cost per unit using the weighted-average method. The detail calculation is given below.

    A - Ending Inventory = 2,400 units

    B - Material % completion = 100%

    C-Conversion Cost % Completion = 25%

    D-Ending inventory total cost = $9,000

    E-Ending inventory conversion cost = D - (A*2) = $ 4,200

    F - Per unit conversion cost = 4,200 / (2,400*25%) = $ 7
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