You w the following information to answer 10 question The inventory at May 1 and the cost charged to Work-In-Process Department B during May for the Star Company are as follows: 8000 units, y completed $65,600 From Department A, 43,500 units $78,300 Direct Labor $292,400 Factory Overhead $64,600 Goods finished during May 42,500 completed Inventory, May 31 9000 units, 2/3 completed During May, all Direct Materials are transferred from Department A. Inventories are costed by the First-In, First-Out method. The inventory at May 1 and the cost charged to Work-In-Process Department B during May for the Star Company are as follows: 8000 units, %4 completed $65,600 From Department A, 43,500 units $78,300 Direct Labor $292,400 Factory Overhead $64.600 Goods finished during May 42,500 completed Inventory, May 31 9000 units, 2/3 completed During May, all Direct Materials are transferred from Department A. Inventories are costed by the First-In, First-Out method. Question: The cost per equivalent unit for conversion cost is $8.40 a unit. Select one: True O False