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Given the following, compute the conversion cost per equivalent unit using the weighted-average method. Conversion costs...

Given the following, compute the conversion cost per equivalent unit using the weighted-average method. Conversion costs in the beginning inventory $5,000 Conversion costs added in the current period $40,000 1,000 units were completed and transferred out during the period. 500 units in ending inventory are 50% complete.
a. $32
b. $30
c. $36
d. $40

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Answer #1
Conversion costs in beginning inventory $5,000
Conversion costs added during the year $40,000
Total conversion costs for the year $45,000
Number of equivalent units 1250
Conversion cost per equivalent unit $36
Equivalent units
Units completed and transferred out            1,000
Add: Units in ending inventory               250 500*50%
Total equivalent units            1,250
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