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Posted: June 15th, 2022

Paquet Company uses the weighted-average method

Paquet Company uses the weighted-average method in its course of costing system. The Molding Division is the second division in its manufacturing course of. The info beneath summarize the division’s operations in January. UnitsPercent Full with Respect to ConversionBeginning work in course of stock 7,70040%Transferred in from the prior division throughout January 56,000Accomplished and transferred to the subsequent division throughout January 58,400Ending work in course of stock 5,30090% The accounting data point out that the conversion price that had been assigned to starting work in course of stock was $16,940 and a complete of $347,320 in conversion prices had been incurred in the division throughout January. What was the price per equal unit for conversion prices for January in the Molding Division? (Spherical off to 3 decimal locations.)

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