Multiple Choice
Geller Manufacturing uses a process cost system to manufacture sensors for the security industry.The following information pertains to operations for the month of March.
The beginning inventory was 70% complete for materials and 30% complete for conversion costs.The ending inventory was 90% complete for materials and 50% complete for conversion costs.
Costs pertaining to the month of March are as follows:
Beginning inventory costs are: materials, $44,400; conversion cost $30,500.
Costs incurred during March are: materials used, $588,000; conversion cost $624,000.
Using the weighted average method, the equivalent unit conversion cost, rounded to 2 decimal places, for March is
A) $5.95.
B) $6.00.
C) $5.13.
D) $6.23.
Correct Answer:
Verified
Correct Answer:
Verified
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