Current Attempt in ProgressConcord Company decided to analyze certain costs for June of the current year.Units started into production equaled 27000 and ending work in process equale3500 units. With no beginning work in process inventory, how much is theconversion cost per unit if ending work in process was 20 % complete and totalconversion costs equaled $135520?O $4.44.O $2.80.$5.60.e $5.02.

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Asked Oct 4, 2019
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Current Attempt in Progress
Concord Company decided to analyze certain costs for June of the current year.
Units started into production equaled 27000 and ending work in process equale
3500 units. With no beginning work in process inventory, how much is the
conversion cost per unit if ending work in process was 20 % complete and total
conversion costs equaled $135520?
O $4.44.
O $2.80.
$5.60.
e $5.02.
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Current Attempt in Progress Concord Company decided to analyze certain costs for June of the current year. Units started into production equaled 27000 and ending work in process equale 3500 units. With no beginning work in process inventory, how much is the conversion cost per unit if ending work in process was 20 % complete and total conversion costs equaled $135520? O $4.44. O $2.80. $5.60. e $5.02.

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Expert Answer

Step 1

Correct answer is - $5.60

Compute units completed and transferred and ending work in process as shown below:

J
K
Units
3
Particulars
4 Units completed and transferred
23,500
5 Ending units
3,500
6 Toal units accounted for
27,000
Calculation formulas
J
K
Units
3
Particulars
4 Units completed and transferred K6-K5
5 Ending units
6 Toal units accounted for
3500
27000
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J K Units 3 Particulars 4 Units completed and transferred 23,500 5 Ending units 3,500 6 Toal units accounted for 27,000 Calculation formulas J K Units 3 Particulars 4 Units completed and transferred K6-K5 5 Ending units 6 Toal units accounted for 3500 27000

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Step 2

Compute equivalent units for conversion...

Percentage of Equivalent
Completion
units
Units (A)
Particulars
(B)
100%
(AxB)
23,500
Units completed and transferred
Ending units
Toal units accounted for
23,500
3,500
700
20%
27,000
24,200
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Percentage of Equivalent Completion units Units (A) Particulars (B) 100% (AxB) 23,500 Units completed and transferred Ending units Toal units accounted for 23,500 3,500 700 20% 27,000 24,200

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