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There were 1,900 units in ending work in process inventory that were 100% complete with regard...

There were 1,900 units in ending work in process inventory that were 100% complete with regard to material and 20% complete with regard to conversion costs. Ending work in process inventory had a cost of $8,740 and a per-unit material cost of $3. What was the conversion cost per unit using the weighted-average method?

Conversion cost per unit $___

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Answer #1
Materials Conversion
Ending work in process equivalent unit [ Ending units * % completion ] 1900 380
Conversion cost in ending work in process = Total cost of ending work in process - ( Ending work in process equivalent unit for materials * Materials cost per unit ) = 8740 - ( 1900 * 3 ) 3040
Conversion cost in ending work in process 3040
(/) Ending work in process equivalent unit for conversion 380
Conversion cost per unit 8
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