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Flagston Company Uses A Weighted-Average Process-Costing System

Submitted by • October 18, 2018

Flagston company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units during the month and had 10,000 units in process at month-end, 20% complete. Conversion costs related to the beginning work-in-process inventory amounted to $231,000, and amounts incurred during the current month totaled $900,000. If conversion is incurred uniformly throughout manufacturing, Flagston’s equivalent-unit cost is: a) $7. 00b) $7. 88c) $8. 40d) $9. 00

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Voted by Simon Brooke

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