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ruskin ruskin
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Posts: 664
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6 years ago
Excalibur Ltd. began operations on October 1 of the current year. Its production requires that direct materials are added at the beginning of the process and conversion costs are incurred uniformly. Direct materials costs for October were $380,000 and conversion costs were $1,750,000. There were 80,000 units started during the month. The ending inventory was 25,000 units which were 60% complete. The cost per equivalent unit for conversion was
A) $25.00.
B) $21.88.
C) $70.00.
D) $116.67.
E) $16.67.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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wrote...
#1
6 years ago
A
Explanation:  A) $1,750,000/[55,000 +15,000] = $25 (80,000 units started, 25,000 Ending, so 55,000 units started and completed in the period; 25,000 units * 60% = 15,000 EU)
wrote...
#2
4 years ago
thank you very much for the answer and the explanation. Cheers!
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