Peach Company Uses a Weighted-Average Process-Costing System

Multiple Choice

Peach 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.
E) None of the answers is correct.