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Urgent! Your answer will be liked immediately thank you!:) Richards Corporation uses the FIFO method of process costing. The following information is available for October
Urgent! Your answer will be liked immediately thank you!:) Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department Units: Beginning Inventory: 84,000 units, 80% complete as to materials and 20% complete as to conversion Units started and completed: 254,000 Units completed and transferred out: 338,000 Ending Inventory: 32,000 units, 30% complete as to materials and 15% complete as to conversion Costs: Costs in beginning Work in Process - Direct Materials: $41,200 Costs in beginning Work in Process - Conversion: $83,700 Costs incurred in October - Direct Materials: $697,540. Costs incurred in October - Conversion: $966,580. Calculate the cost per equivalent unit of conversion $2.60 2. O $3.22 O $2.96 $3.81 O $2.80
Urgent! Your answer will be liked immediately thank you!:)
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