Aproduction department’s beginning inventory cost includes $408,000 of conversion costs. this department incurs an additional $1,047,500 in conversion costs in the month of march. equivalent units of production for conversion total 965,000 for march. calculate the cost per equivalent unit of conversion using the weighted-average method.

The cost per equivalent unit of conversion using the weighted-average method is $1.51

Explanation:

The computation of the cost per equivalent unit of conversion is shown below:

= Total cost ÷ number of units produced

where,

Total cost = Beginning inventory + additional conversion costs

                = $408,000 + $1,047,500

                = $1,455,500

And, the Equivalent units of production is 965,000 units

Now put these values to the above formula  

So, the cost per unit would equal to

= $1,455,500 ÷ 965,000 units

= $1.51

answer; at prices that violate government price regulations;

answer(d) all of the choices are correct;