Tori Company uses the FIFO method in its process costing system.The first processing department,the Soldering Department,started the month with 17,000 units in its beginning work-in-process inventory that were 70% complete with respect to conversion costs.The conversion cost in this beginning work-in-process inventory was $101,150.An additional 68,000 units were started into production during the month.There were 23,000 units in the ending work-in-process inventory of the Soldering Department that were 80% complete with respect to conversion costs.A total of $565,125 in conversion costs were incurred in the department during the month.What would be the cost per equivalent unit for conversion costs? (Round off to three decimal places. )

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The Answer of Tori Company uses the FIFO method in its process costing system.The first processing department,the Soldering Department,started the month with 17,000 units in its beginning work-in-process inventory that were 70% complete with respect to conversion costs.The conversion cost in this beginning work-in-process inventory was $101,150.An additional 68,000 units were started into production during the month.There were 23,000 units in the ending work-in-process inventory of the Soldering Department that were 80% complete with respect to conversion costs.A total of $565,125 in conversion costs were incurred in the department during the month.What would be the cost per equivalent unit for conversion costs? (Round off to three decimal places. )

Tori Company Uses the FIFO Method in Its Process Costing