Calculate what are conversion costs per unit
Physical units are 40,000. Total conversion costs are $237,000. There are 1,000 units in ending inventory which are 50% complete as to conversion costs. How much are conversion costs per unit?
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This problem comes from Managerial Accounting a Focus on Ethical Decision Making 5th edition, Jackson, Sawyer and Jenkins.You recently began work at Colt Kitchen Ltd.
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