Mullins 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$11,500 Conversion costs$22,200 Percent complete with respect to materials 75%Percent complete with respect to conversion 65%Units started into production during the month 8,600 Units transferred to the next department during the month 7,800 Materials costs added during the month$159,300 Conversion costs added during the month$348,500 Ending work in process inventory: Units in ending work in process inventory 1,500 Percent complete with respect to materials 65%Percent complete with respect to
conversion 50% The cost per equivalent unit for conversion costs for the first department for the month is closest to:
A. $43.05
B. $44.68
C. $48.79
D. $45.20
Answer: A
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