The following information is available for Department ABC for the month of September:
Materials are added at the beginning of the process. (Round unit costs to two decimal places.)

-Refer to the Figure.What would be Department ABC's cost per equivalent unit of production for materials when using the FIFO method?
A)$0.90
B)$0.96
C)$1.04
D)$1.20

Question

The following information is available for Department ABC for the month of September:
Materials are added at the beginning of the process. (Round unit costs to two decimal places.)
 
-Refer to the Figure.What would be Department ABC's cost per equivalent unit of production for materials when using the FIFO method?
A)$0.90 
B)$0.96 
C)$1.04 
D)$1.20

Quizplus · Accepted Answer

Department ABC's cost per equivalent unit of production for materials when using the FIFO method is $0.90. This is calculated by dividing the total cost of materials used by the total number of equivalent units of production.

The Following Information Is Available for Department ABC for the Month