Maykes Company uses a weighted-average process costing system and started 26,000 units during this month. Maykes had 12,000 units that were 20% complete as to conversion costs in beginning work in process inventory and 3,900 units that were 40% complete as to conversion costs in ending work in process inventory.
Do not enter dollar signs or commas in the input boxes.
Round all answers to the nearest whole number.
a) What are equivalent units of production with respect to conversion costs?
Units Completed and Transferred Out =
Equivalent Units in Ending Inventory =
Total Equivalent Units =
b) If the Maykes Company assigned $44,400 of conversion cost to its previous month’s ending inventory and incurred an additional conversion cost of $110,000 during this month, compute the cost per equivalent unit with respect to conversion costs.
Round the cost per unit to 2 decimal places.
Conversion Cost Per Unit =