A company uses the weighted average method for inventory costing. At the start of a period the production department had 48,000 units in beginning Work in Process inventory which were 36% complete; the department completed and transferred 171,000 units. At the end of the period, 18,000 units were in the ending Work in Process inventory and are 71% complete. The production department had conversion costs in the beginning work in process inventory of $93,000 and total conversion costs added during the period are $726,700. Compute the conversion cost per equivalent unit.

the conversion cost per equivalent unit is $4.46.

Explanation:

Step 1 : Computation of equivalent units of production for conversion costs

Units completed and transferred (171,000 × 100%)   =  171,000

Units in the ending work in process (18,000 × 71%)  =   12,780

Equivalent units of production for conversion costs = 183,780

Step 2: Determine the Total Cost of Conversion incurred during the period

Conversion Costs in Opening Work In Process           =  $93,000

Add conversion costs added during the period           = $726,700

Total Cost of Conversion incurred during the period   = $819,700

Step 3 : Calculate the conversion cost per equivalent unit.

Conversion cost per equivalent unit = Total Cost of Conversion ÷ Equivalent units of production

                                                            = $819,700 ÷ 183,780

                                                            = $4.46

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation: