Wright Company Wright Company Adds Material at the Start of Production.The Following

question 45

Multiple Choice

Wright Company
Wright Company adds material at the start of production.The following production information is available for September:

• A)$1.05
• B)$.95
• C)$1.61
• D)$1.55

Beginning Work in Process Inventory
	(45% complete as to conversion)	10,000 units
Started this period		120,000 units
Ending Work in Process Inventory	80% complete as to conversion)	8,200 units
Beginning Work in Process Inventory Costs:
	Material	$24,500
	Conversion	68,905
Current Period Costs:
	Material	$ 75,600
	Conversion	130,053

Refer to Wright Company.What is the conversion cost per equivalent unit using the FIFO method?

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Definitions:

Psychological Connection

refers to the emotional bond between individuals, which influences their thoughts, feelings, and behaviors towards each other.

Stock Ownership Plan

A program that enables employees to buy or receive shares in the company they work for, often at a discounted price or as a part of their compensation package.

Profit Sharing Plan

A company program that gives employees a share in the profits, incentivizing performance and aligning their interests with the company's success.

Job Specialization

The process of focusing one's occupational concentration on a specific area of expertise, improving efficiency and proficiency.