A company uses a process costing system to record inventory…
A company uses a process costing system to record inventory costs. Data at the end of the month are as follows: Units Direct materials (% complete) Conversion cost (% complete) Work-in-process inventory 100 100% 80% Finished goods inventory 900 100% 100% The company uses the weighted-average method to compute the costs. Its total costs for the month are $10,000 for direct materials and $19,600 for conversion costs. What is the total conversion cost per equivalent unit?
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