Business, 02.06.2020 16:57 NathalyN

A department using the FIFO method for process costing begins the month with 10,000 units which were 70% complete at the end of the previous month. They started and completed 50,000 units and their ending work in process inventory consisted of 5,000 units which were 10% complete. The costs incurred were $200,000.
Required:
A) The cost per equivalent unit of production, using the FIFO method is $ . Round your answer to two decimal places.

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A department using the FIFO method for process costing begins the month with 10,000 units which were...

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