Brief :
Question
Calculate conversion cost per unit using the information given below:
| Completed Units | 50,000 |
| Direct Wages | $38,000 |
| Indirect Wages | $5,000 |
| Direct Material | $29,000 |
| Indirect Material | $1,000 |
| Equipment Depreciation | $6,500 |
| Office Expenses | $10,000 |
| Factory Insurance | $2,000 |
Assume that there was no work in process inventory at the start and at the end of the accounting period. Use appropriate formulas and provide a step-by-step solution to this question.
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