Peace Products Inc. Peace Products Inc. uses process costing. The following information was available for the current year:
Refer to the Peace Products Inc. information above. If Peace uses the first-in, first-out (FIFO) method of computing equivalent units and assigning product costs, what is the cost per equivalent unit? (round to nearest penny)
A) $15.11
B) $13.56
C) $16.00
D) $15.65
Correct Answer:
Verified
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