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Hendrix Ltd Employs a Process Costing System

Question 21

Multiple Choice

Hendrix Ltd employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July's activities: Using the FIFO method, the cost per equivalent unit for materials used during July was


A) $9.90
B) $9.80
C) $11.11
D) $10.00

Correct Answer:

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