Under a FIFO process costing system, the calculation of conversion cost per-equivalent-unit includes only those costs incurred this period.

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In a FIFO process costing system, the calculation of conversion cost per-equivalent-unit includes only the costs incurred during the current period, excluding costs related to the work done in previous periods on the units completed and transferred out in the current period.

Under a FIFO Process Costing System, the Calculation of Conversion