Larner Company Uses the Weighted-Average Method in Its Process Costing

question 11

Multiple Choice

Larner Company uses the weighted-average method in its process costing system.Operating data for the first processing department for the month of June appear below:

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.
What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)

• A) $5.575.
• B) $6.174.
• C) $6.892.
• D) $7.090.

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Definitions:

Marketing Mix Elements

Components of a marketing plan which include product, price, place, and promotion, often extended to include people, processes, and physical evidence.

Product Protocols

Guidelines and standards that govern the development, testing, and release of products.

Points of Difference

Unique features or attributes of a product, service, or brand that set it apart from its competitors.

Competitive Substitutes

Alternative products or services that can replace or serve as substitutes for another in satisfying consumer needs or desires.