Question - At Sunrise Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
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WIP beginning (50% for conversion)
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19,200 units
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Units started
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120,500 units
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Units completed and transferred out
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116,700 units
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WIP ending (60% for conversion)
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23,000 units
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Beginning WIP direct materials
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$35,000
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Beginning WIP conversion costs
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$22,500
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Costs of materials added
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$384,100
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Costs of conversion added
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$271,125
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What is the cost per equivalent unit for conversion costs?
A. $2.25
B. $2.08
C. $2.10
D. $2.32