Business, 12.10.2020 22:01 ysabel0420

Puri Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory:
Units in beginning work in process inventory 400
Materials costs $4,800
Conversion costs $3,300
Percent complete with respect to materials 85 %
Percent complete with respect to conversion 45 %
Units started into production during the month 5,800
Units transferred to the next department during
the month 5,100
Materials costs added during the month $69,500
Conversion costs added during the month $82,300
Ending work in process inventory:
Units in ending work in process inventory 1,100
Percent complete with respect to materials 55 %
Percent complete with respect to conversion 45 %
The cost per equivalent unit for conversion costs for the first department for the month is closest to:.

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Puri Corporation uses the FIFO method in its process costing system. Data concerning the first proce...

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