Joos Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
|
Beginning work in process inventory: |
600 |
|
Units in beginning work in process inventory |
$7,300 |
|
Materials costs . |
$2,300 |
|
Conversion costs |
50% |
|
Percentage complete with respect to materials |
10% |
|
Percentage complete with respect to conversion |
9,400 |
|
Units started into production during the month |
8,600 |
|
Units transferred to the next department during the month |
$196,300 |
|
Materials costs added during the month . |
$315,800 |
|
Ending work in process inventory: |
|
|
Units in ending work in process inventory |
1,400 |
|
Percentage complete with respect to materials |
70% |
|
Percentage complete with respect to conversion |
40% |
The cost per equivalent unit for conversion costs for the first department for the month is closest to:
A) $31.81
B) $34.73
C) $34.48
D) $36.47