Normand 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 700 Materials costs$8,700 Conversion costs$3,700 Percent complete with respect to materials 70%Percent complete with respect to conversion 10%Units started into production during the month 6,400 Units transferred to the next department during the month 5,600 Materials costs added during the month$92,200 Conversion costs added during the month$269,600 Ending work in process inventory:   Units in ending work in process inventory 1,500 Percent complete with respect to materials 80%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. $52.86
B. $47.94
C. $45.66
D. $48.14


Answer: C

Business

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