Use the following to answer questions:
Preston Manufacturing Company has the following information available for its process costing system for the month of May in the finishing department. The finishing department is the second of a multiple-department manufacturing plant. Materials are added at the end of the process in finishing.

Beginning inventory is 30% complete as to conversion costs; ending inventory is 80% complete as to conversion costs.
-The cost per finished equivalent unit for conversion costs under FIFO is:
A) $1.12
B) $0.98
C) $1.02
D) $1.00

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Use the following to answer questions:
Preston Manufacturing Company has the following information available for its process costing system for the month of May in the finishing department. The finishing department is the second of a multiple-department manufacturing plant. Materials are added at the end of the process in finishing.
  
Beginning inventory is 30% complete as to conversion costs; ending inventory is 80% complete as to conversion costs.
-The cost per finished equivalent unit for conversion costs under FIFO is:
A) $1.12 
B) $0.98 
C) $1.02 
D) $1.00

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The Answer of Use the following to answer questions:
Preston Manufacturing Company has the following information available for its process costing system for the month of May in the finishing department. The finishing department is the second of a multiple-department manufacturing plant. Materials are added at the end of the process in finishing.
  
Beginning inventory is 30% complete as to conversion costs; ending inventory is 80% complete as to conversion costs.
-The cost per finished equivalent unit for conversion costs under FIFO is:
A) $1.12 
B) $0.98 
C) $1.02 
D) $1.00

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