Business, 08.04.2021 18:50, alexkrol10

Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 91,000 units, 80% complete as to materials and 25% complete as to conversion. Units started and completed: 272,000. Units completed and transferred out: 363,000. Ending Inventory: 35,500 units, 40% complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $48,200. Costs in beginning Work in Process - Conversion: $90,700. Costs incurred in October - Direct Materials: $768,760. Costs incurred in October - Conversion: $1,156,070. Calculate the cost per equivalent unit of conversion.

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Richards Corporation uses the weighted-average method of process costing. The following information...