Maccari Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of September appear below: UnitsPercent Complete with Respect to ConversionBeginning work in process inventory24,00080%Transferred in from the prior department during September61,000 Ending work in process inventory10,00060%According to the company's records, the conversion cost in beginning work in process inventory was $61,824 at the beginning of September. Additional conversion costs of $206,412 were incurred in the department during the month.The cost per equivalent unit for conversion costs for September is closest to: (Round off to three decimal places.)
A. $3.220
B. $3.156
C. $3.340
D. $3.384
Answer: C
You might also like to view...
Answer the following statements true (T) or false (F)
1. A recent study says that the world's information is doubling every seven years. 2. Risk propensity is the willingness to gamble or to undertake risk for the possibility of getting an increased payoff. 3. People with a low tolerance for ambiguity and an orientation toward task and technical concerns in making decisions have an analytical decision-making style. 4. A person with a directive decision style is efficient, logical, practical, and systematic in her approach to solving problems.
At the end of a brainstorming session, participants are often asked to
A. propose one more new idea each. B. vote on the best ideas. C. identify which ideas each person proposed. D. defer to management for the final decision. E. identify the worst ideas.
Radio frequency identification allows the automatic collection of data using RFID tags or transponders that contain a chip and an antenna
Indicate whether the statement is true or false
Integral Inc. coaches its employees to recognize that conflict is normal and not necessarily bad. This helps them to deal effectively with differing viewpoints and approaches, which can lead to innovation. Which organizational technique for preventing conflict is Integral Inc. using?
A. Employees' involvement in decisions that affect them B. Use of the collaboration strategy to deal with conflict C. Diversity training D. Conflict management and negotiation training