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Wilson Company Has a Process Costing System

Question 51

Multiple Choice

Wilson Company has a process costing system. The Assembly Department had the following costs for May: Wilson Company has a process costing system. The Assembly Department had the following costs for May:   -Assume that Wilson uses the FIFO method,and that for May the company computed 16,000 equivalent units for materials.The cost per equivalent unit for materials for the month would have been: A) $12.50 B) $3.00 C) $5.00 D) $9.50
-Assume that Wilson uses the FIFO method,and that for May the company computed 16,000 equivalent units for materials.The cost per equivalent unit for materials for the month would have been:


A) $12.50
B) $3.00
C) $5.00
D) $9.50

Correct Answer:

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