At Crane Company, there are 820 units of ending work in process that are 100% complete as to materials and 40% complete as to conversion costs. If the unit cost of materials is $3 and the total costs assigned to the 820 units is $5,740, what is the per unit conversion cost? (Round answer to 2 decimal places, e.g. 2.25.) Per unit conversion cost

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 3EB: A company has 100 units in ending work in process that are 40% complete after transferring out 750...
icon
Related questions
icon
Concept explainers
Topic Video
Question
Don't provide answers in image format
At Crane Company, there are 820 units of ending work in process that are 100% complete as to materials and 40% complete as to
conversion costs. If the unit cost of materials is $3 and the total costs assigned to the 820 units is $5,740, what is the per unit
conversion cost? (Round answer to 2 decimal places, e.g. 2.25.)
Per unit conversion cost
Transcribed Image Text:At Crane Company, there are 820 units of ending work in process that are 100% complete as to materials and 40% complete as to conversion costs. If the unit cost of materials is $3 and the total costs assigned to the 820 units is $5,740, what is the per unit conversion cost? (Round answer to 2 decimal places, e.g. 2.25.) Per unit conversion cost
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning