Andrews corporation uses the weighted-average method of process costing. the following information is available for february in its polishing department: equivalent units of production—direct materials 110,000 eup equivalent units of production—conversion 95,000 eup costs in beginning work in process—direct materials $ 49,000 costs in beginning work in process—conversion $ 36,000 costs incurred in february—direct materials $ 414,000 costs incurred in february—conversion 520,000 the cost per equivalent unit of production for conversion is: $9.26 $4.21 $5.85 $5.05 $4.97

The cost for conversion as per equivalent unit of production is $5.85

Explanation:

Formula for cost of conversion per equivalent unit of production =

Total cost / Equivalent units of production

Equivalent cost of production for conversion is given = 95,000 UNITS

CALCULATING TOTAL COST =

Cost of beginning work in progress + Cost incurred in February ( conversion )

= $36,000 + $ 520,000

= $556,000

Putting the values of total cost and equivalent units of conversion in formula-

= $ 556,000 / 95,000

= $5.85

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