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EB4.
LO 5.3There were 1,500 units in ending work in process inventory that were 100% complete with regard to material and 60% complete with regard to conversion costs. Ending work in process inventory had a cost of $7,200 and a per-unit material cost of $3. What was the conversion cost per unit using the weighted-average method?

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Answer:

The conversion cost per unit is $8.

Explanation:

This question required us to calculate conversion cost per unit using the weighted-average method. In weighted-average method opening units lost its identity. Detail calculation is given below.

Total Material Cost            = 3 * 1500 = $ 4,500

Conversion Cost per unit   = 7200/(1500 * 60%) = 8 dollars per unit

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