Penny, Inc. 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) $10.78
B) $10.33
C) $9.78
D) $10.65

Question

Penny, Inc. 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) $10.78 
B) $10.33 
C) $9.78 
D) $10.65

Quizplus · Accepted Answer

The Answer of Penny, Inc. 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) $10.78 
B) $10.33 
C) $9.78 
D) $10.65