Use the following to answer questions:
The following information is available for Sulmonter Manufacturing Company for the current period:

32,000 units were started during the period
The ending inventory has 8,000 units, which are 45% complete with respect to direct materials and 65% complete with respect to conversion costs. FIFO costing is used.
-What is the prior department cost per equivalent unit, using FIFO costing (rounded to the nearest cent?)
A) $0.60
B) $0.80
C) $0.655
D) $0.50

Question

Use the following to answer questions:
The following information is available for Sulmonter Manufacturing Company for the current period:
  
32,000 units were started during the period
The ending inventory has 8,000 units, which are 45% complete with respect to direct materials and 65% complete with respect to conversion costs. FIFO costing is used.
-What is the prior department cost per equivalent unit, using FIFO costing (rounded to the nearest cent?)
A) $0.60 
B) $0.80 
C) $0.655 
D) $0.50

Quizplus · Accepted Answer

The Answer of Use the following to answer questions:
The following information is available for Sulmonter Manufacturing Company for the current period:
  
32,000 units were started during the period
The ending inventory has 8,000 units, which are 45% complete with respect to direct materials and 65% complete with respect to conversion costs. FIFO costing is used.
-What is the prior department cost per equivalent unit, using FIFO costing (rounded to the nearest cent?)
A) $0.60 
B) $0.80 
C) $0.655 
D) $0.50

Use the Following to Answer Questions