Que Corporation uses the FIFO method in its process costing system.Operating data for the Cutting Department for the month of March appear below: According to the company's records, the conversion cost in beginning work in process inventory was $3,705 at the beginning of March.Additional conversion costs of $210,213 were incurred in the department during the month. The cost per equivalent unit for conversion costs for March is closest to:

Question

Que Corporation uses the FIFO method in its process costing system.Operating data for the Cutting Department for the  month of March appear below:  According to the company's records, the conversion cost in beginning work in process inventory was $3,705 at the beginning of March.Additional conversion costs of $210,213 were incurred in the department during the month. The cost per equivalent unit for conversion costs for March is closest to:

Quizplus · Accepted Answer

FIFO method
Units started and completed during the period = Units completed during the period - Units in beginning work in process inventory = 57,700 - 9,700 = 48,000 11ea7998_5e73_0e91_911b_47962d2ba64a_TB2627_00_TB2627_00 11ea7998_5e73_0e92_911b_f19fd8622ec3_TB2627_00_TB2627_00

Que Corporation Uses the FIFO Method in Its Process Costing