Qu Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 900 Materials costs$9,800 Conversion costs$9,200 Percent complete with respect to materials 55%Percent complete with respect to conversion 30%Units started into production during the month 8,400 Materials costs added during the month$130,400 Conversion costs added during the month$220,600 Ending work in process inventory: Units in ending work in process inventory 2,200 Percent complete with respect to materials 65%Percent complete with respect to conversion$25% The cost per equivalent unit for conversion costs for the
first department for the month is closest to:
A. $31.38
B. $34.07
C. $29.89
D. $31.07
Answer: C
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