Answer:
$9.94
Explanation:
Equivalent unit of conversion cost = 56,800 + (7,300*40%)
Equivalent unit of conversion cost = 56,800 + 2,920
Equivalent unit of conversion cost = 59,720 unit
Total cost of conversion = $34,558 + $559,254
Total cost of conversion = $593,812
Cost per equivalent unit of conversion = Total cost of conversion / Equivalent unit of conversion cost
Cost per equivalent unit of conversion = $593,812 / 59,720 units
Cost per equivalent unit of conversion = $9.9432686
Cost per equivalent unit of conversion = $9.94