Chapin Company Manufactures Generic Notebooks The Unit Cost for Conversion Costs Is _____

question 156

Multiple Choice

Chapin Company manufactures generic notebooks.Material is introduced at the beginning of the process in the Printing department.Conversion costs are applied uniformly throughout the process.The weighted-average method of product costing is used.Data for the Printing department for the month of June follow: $\begin{array}{lr}\text { Work-in-process inventory, June } 1\\\\\text { Units } & 15,000 \text { units } \\\text { Direct materials } 100 \% \text { complete) } & \$ 34,000 \\\text { Conversion costs 30\% complete) } & \$ 14,000\\\\\text { Units started in June } & 65,000 \text { units } \\\text { Units completed in June } & 62,000 \text { units } \\\text { Work-in-process inventory, June 30 } & 18,000 \text { units }\\100 \% \text { complete with regard to materials }\\\text { and } 50 \% \text { complete with regard to conversi on costs) }\\\\\text { Direct material s added in June } & \$ 285,000 \\\text { Conversion costs added in June } & \$ 210,000\end{array}$ The unit cost for conversion costs is _____.

• A)$2.62
• B)$2.88
• C)$2.80
• D)$3.15

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