Answer:
Cost per equivalent unit for conversion costs for the month = $6.21
Explanation:
<em>The weighted average cost of valuation does not separate the opening inventory from the units newly introduced when accounting for completed units in a production period.</em>
<em>To determine the cost per equivalent units using Weighted Average Method, follow the steps below:</em>
<em>Step 1: Determine the equivalent Unit</em>
Completed units = 10,000+  60,000-19000= 51000
 Items                                      Workings            Equiva. Units
Completed units    51,000    (51000 *100%) =          51,000
Closing WIP            19,000     19,000 * 70%)          =  <u>2,800</u>
Total Equivalent units                                             <u>64,300</u>
<em>Step 2 : calculate total conversion cost </em>
= 19,200 + $380,060 = 399,260
<em>Step 3 = Cost per Equivalent unit per conversion cost </em>
Cost per unit = Total conversion cost/total Equivalent units
=399,260 /64,300
= $6.21
Cost per equivalent unit for conversion costs for the month = $6.21