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

question 30

Multiple Choice

Larner Corporation 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. The cost per equivalent unit for conversion costs for the month is closest to:

• A)$6.892
• B)$6.806
• C)$5.575
• D)$7.090