Regarding conversion, the initial employment inventory is 60% complete; the final job product is 20% complete. The price of conversions activity is $2.38 per unit.
A correction factor is a declaration of the equality of two units. Finding the translation factor(s) you will require to make your conversion is the first stage in dimensional analysis. The formula "1 dozen eggs Equals 12 eggs" is indeed a conversion factor in the egg dilemma.
The possession or ownership of the property by the plaintiff; the defendant's conversion of the property by a deed in violation of the plaintiff's property rights; and damages are the elements of conversion.
Calculate the corresponding units of production taking conversion expenses into consideration.
Units Completed and Transferred (81,000 x 100%) = 81,000
Plus Units in Ending Work In Process (9,000 x 20%) = 1,800
Total Equivalent Units = 82,800
Total Conversion Costs = $197,380 (given)
Cost per Equivalent Unit = Total Cost ÷ Equivalent Units
= $197,380 ÷ 82,800
= $2.38
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