Excalibur Ltd. began operations on October 1 of the current year. Its production requires that direct materials are added at the beginning of the process and conversion costs are incurred uniformly. Direct materials costs for October were $380,000 and conversion costs were $1,750,000. There were 80,000 units started during the month. The ending inventory was 25,000 units which were 60% complete. The cost per equivalent unit for conversion was
A) $25.00.
B) $21.88.
C) $70.00.
D) $116.67.
E) $16.67.

Question

Quizplus · Accepted Answer

The Answer is A