Question & Answer: Larner Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department f…..

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:

A) $6.806

B) $7.090

C) $6.892

D) $5.575

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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..... 1

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