Muzyka Corporation uses the FIFO method in its process costing system.Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error.In all cases,select the answer that is the closest to the answer you computed. The cost per equivalent unit for conversion costs for the first department for the month is closest to:
A)$44.51
B)$50.00
C)$46.92
D)$46.74

Question

Muzyka Corporation uses the FIFO method in its process costing system.Data concerning the first processing department for the most recent month are listed below:  Note: Your answers may differ from those offered below due to rounding error.In all cases,select the answer that is the closest to the answer you computed. The cost per equivalent unit for conversion costs for the first department for the month is closest to:
A)$44.51 
B)$50.00 
C)$46.92 
D)$46.74

Quizplus · Accepted Answer

FIFO method
Units started and completed during the period = Units completed during the period - Units in beginning work in process inventory = 4,800 - 300 = 4,500
 11eaa3fe_30e7_ce50_908b_a91cc6ddd836_TB2461_00 
 11eaa3fe_30e7_ce51_908b_af734b834c8c_TB2461_00

Muzyka Corporation Uses the FIFO Method in Its Process Costing