Puri 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 400 Materials costs$4,800 Conversion costs$3,300 Percent complete with respect to materials 85%Percent complete with respect to conversion 45%Units started into production during the month 5,800 Units transferred to the next department during the month 5,100 Materials costs added during the month$69,500 Conversion costs added during the month$82,300 Ending work in process inventory: Units in ending work in process inventory 1,100 Percent complete with respect to materials 55%Percent complete with respect to
conversion 45% The cost per equivalent unit for conversion costs for the first department for the month is closest to:
A. $16.14
B. $15.96
C. $15.20
D. $18.33
Answer: C
Business
You might also like to view...
Which type of innovation in organizations is the introduction of new or improved operational and work methods?
A. exploitative B. organizational structure C. process D. product
Business
When bonds are converted to common stock, what is the basis for recording (valuing) the stock issued?
Business
How can an organization focus management attention away from crises and routine problems and toward longer-range issues?
What will be an ideal response?
Business
Could a company block any/all traffic to/from a proxy server?
What will be an ideal response?
Business