Que Corporation uses the FIFO method in its process costing system.Operating data for the Cutting Department for the month of March appear below:
According to the company's records,the conversion cost in beginning work in process inventory was $3,705 at the beginning of March.Additional conversion costs of $210,213 were incurred in the department during the month.
The cost per equivalent unit for conversion costs for March is closest to:
A) $3.686
B) $1.677
C) $1.756
D) $1.840

Question

Que Corporation uses the FIFO method in its process costing system.Operating data for the Cutting Department for the month of March appear below:
 According to the company's records,the conversion cost in beginning work in process inventory was $3,705 at the beginning of March.Additional conversion costs of $210,213 were incurred in the department during the month.
The cost per equivalent unit for conversion costs for March is closest to:
A) $3.686 
B) $1.677 
C) $1.756 
D) $1.840

Quizplus · Accepted Answer

FIFO method
Units started and completed during the period = Units completed during the period - Units in beginning work in process inventory = 57,700 - 9,700 = 48,000
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Que Corporation Uses the FIFO Method in Its Process Costing