Larner Corporation Uses the Weighted-Average Method in Its Process Costing

Larner Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: According to the company's records, the conversion cost in beginning work in process inventory was $68,064 at the beginning of June. Additional conversion costs of $585,324 were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to:

A) $6.892
B) $6.806
C) $5.575
D) $7.090

Correct Answer:

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