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BUS 294 Excalibur Ltd. began operations on October 1 of the current year.

Author:
January 13th, 2018

Excalibur Ltd. began operations on October 1 of the current year. Its production requires that direct materials are added at the beginning of the process and conversion costs are incurred uniformly. Direct materials costs for October were $380,000 and conversion costs were $1,750,000. There were 80,000 units started during the month. The ending inventory was 25,000 units which were 60% complete. The cost per equivalent unit for conversion was:a.$116.67b.$21.88c.$25.00d.$70.00e.$16.67

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