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Managerial accounting. Chapter 3. Thank you Cliff Company manufactures file cabinets. The following cost information Is available for the month of December: Cliff had 17,000

image text in transcribedManagerial accounting. Chapter 3. Thank you

Cliff Company manufactures file cabinets. The following cost information Is available for the month of December: Cliff had 17,000 equivalent units of direct materials and 12,000 equivalent units of conversion cost. Required: Using the FIFO method, calculate Cliff's cost per equivalent unit for materials and conversion during December. (Round your answers to 2 decimal places.)

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