Muzyka Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. The cost per equivalent unit for conversion costs for the first department for the month is closest to:
A)$44.51
B)$50.00
C)$46.92
D)$46.74

Question

Muzyka Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:  Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. The cost per equivalent unit for conversion costs for the first department for the month is closest to:
A)$44.51 
B)$50.00 
C)$46.92 
D)$46.74

Quizplus · Accepted Answer

The Answer of Muzyka Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:  Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. The cost per equivalent unit for conversion costs for the first department for the month is closest to:
A)$44.51 
B)$50.00 
C)$46.92 
D)$46.74

Muzyka Corporation Uses the FIFO Method in Its Process Costing