Question
Que Corporation uses the FIFO method in its process costing system. Operating data for the Cutting Department for the month of March appear below: Units
Que Corporation uses the FIFO method in its process costing system. Operating data for the Cutting Department for the month of March appear below:
| Units | Percent Complete with Respect to Conversion | ||
| Beginning work in process inventory | 9,700 | 10 | % |
| Transferred in from the prior department during March | 49,000 | ||
| Completed and transferred to the next department during March | 57,700 | ||
| Ending work in process inventory | 1,000 | 30 | % |
According to the companys records, the conversion cost in beginning work in process inventory was $3,705 at the beginning of March. Additional conversion costs of $210,213 were incurred in the department during the month.
The cost per equivalent unit for conversion costs for March is closest to:
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A History Of Auditing The Changing Audit Process In Britain From The Nineteenth Century To The Present Day
Authors: Derek Matthews
1st Edition
0415648343, 978-0415648349
