In calculating the cost per equivalent unit using FIFO costing, the appropriate formula is current period costs / equivalent units for work performed this period.

Name: In calculating the cost per equivalent unit using FIFO costing, the appropriate formula is current period costs / equivalent units for work performed this period.
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Quizplus · Accepted Answer

This is the correct formula for calculating the cost per equivalent unit using the FIFO costing method.

In Calculating the Cost Per Equivalent Unit Using FIFO Costing