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Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 29,000 units.

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Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 29,000 units. 100% complete as to materials and 60% complete as to conversion Units started and completed: 114,000. Units completed and transferred out: 143.000. Ending Inventory: 32,000 units, 100% complete as to materials and 25% complete as to conversion Costs Costs in beginning Work In Process - Direct Materials: $47.000. Costs in beginning Work In Process - Conversion: $52,850. Costs incurred in February. Direct Materials: $320,650. Costs incurred in February - Conversion: $603,150. Calculate the cost per equivalent unit of conversion Multiple Choice 0 0 0 0 0 $3.58

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