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Larner Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:
| Units | Percent Complete with Respect to Conversion | |
| Beginning work in process inventory | 24,000 | 40% |
| Started into production during June | 86,000 | |
| Ending work in process inventory | 19,000 | 20% |
According to the company’s records, the conversion cost in beginning work in process inventory was $68,064 at the beginning of June. Additional conversion costs of $585,324 were incurred in the department during the month.
The cost per equivalent unit for conversion costs for the month is closest to:
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Question & Answer: Larner Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department f…..
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A) $6.806
B) $7.090
C) $6.892
D) $5.575
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