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Loll Company Uses the Weighted-Average Method in Its Process Costing

Question 20

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Loll Company uses the weighted-average method in its process costing system.Operating data for the first processing department for the month of June appear below: Loll Company uses the weighted-average method in its process costing system.Operating data for the first processing department for the month of June appear below:    According to the company's records,the conversion cost in beginning work in process inventory was $46,915 at the beginning of June.Additional conversion costs of $825,183 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places. )  A) $8.420 B) $6.934 C) $8.530 D) $8.322 According to the company's records,the conversion cost in beginning work in process inventory was $46,915 at the beginning of June.Additional conversion costs of $825,183 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places. )


A) $8.420
B) $6.934
C) $8.530
D) $8.322

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