May Company uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of September appear below: Units Percentage complete Beginning work in process inventory 19 000 80% Transferred in from the previous department during September 74 000 Ending work in process inventory 17 000 90% According to the company's records, conversion cost in beginning work in process inventory was R83 600 at the beginning of September. Additional conversion costs of R427 682 were incurred in the department during the month. No losses occurred during the month. Calculate the cost per equivalent unit for conversion costs for September. (Round off to three decimal places.) A. R5.779 B. R5.620 C. R5.498 D. R5.500
May Company uses the FIFO method in its
|
|
Units |
Percentage complete |
|
Beginning work in process inventory |
19 000 |
80% |
|
Transferred in from the previous department during September |
74 000 |
|
|
Ending work in process inventory |
17 000 |
90% |
According to the company's records, conversion cost in beginning work in process inventory was
R83 600 at the beginning of September.
Additional conversion costs of R427 682 were incurred in the department during the month.
No losses occurred during the month.
Calculate the cost per equivalent unit for conversion costs for September. (Round off to three decimal places.)
| A. |
R5.779 |
|
| B. |
R5.620 |
|
| C. |
R5.498 |
|
| D. |
R5.500 |
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