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Author Question: Shiffon Electronics manufactures music player. Its costing system uses two cost categories, direct ... (Read 98 times)

mspears3

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Shiffon Electronics manufactures music player. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department, the Programming department, and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Shiffon Electronics uses weighted-average costing.

The following information is available for the month of March 2017 for the Assembly department.

Work in process, beginning inventory350 units
 Conversion costs (40% complete)
Units started during March850 units
Work in process, ending inventory:160 units
 Conversion costs (55% complete)

The cost details for the month of March are as follows:
Work in process, beginning inventory:
Direct materials$349,000 
Conversion costs$362,000 
Direct materials costs added during March$705,500
Conversion costs added during March$1,129,000
 
What is the conversion cost per equivalent unit in March? (Round to the nearest cent)
◦ $940.83
◦ $1321.81
◦ $1310.28
◦ $1000.89


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Marked as best answer by mspears3 on Mar 6, 2021

smrerig

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mspears3

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


steff9894

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Reply 3 on: Yesterday
Wow, this really help

 

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