Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method.Cost per equivalent unit for conversion under the FIFO method is calculated to be:
A)$2.00.
B)$2.40.
C)$3.00.
D)$3.10.
E)$3.20.

Question

Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method.Cost per equivalent unit for conversion under the FIFO method is calculated to be:
A)$2.00. 
B)$2.40. 
C)$3.00. 
D)$3.10. 
E)$3.20.

Quizplus · Accepted Answer

The Answer of Matrix Inc. calculates cost for an equivalent unit of production using the FIFO method.Cost per equivalent unit for conversion under the FIFO method is calculated to be:
A)$2.00. 
B)$2.40. 
C)$3.00. 
D)$3.10. 
E)$3.20.