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NUBD Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of Septem ber appear below. Percent Complete with Respedt Beginning work in process inventory. Transferred in from the prior de partment during September Ending work in process inventory.. Units to Conversion 17,000 50,000 17,000 10% 40% According to the company's records, the conversion cost in beginning work in process inventory was P3,434 at the beginning of September. Additio nal conversion costs ofP117,914 were incurred in the department during the month.

NUBD Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of Septem ber appear below. Percent Complete with Respedt Beginning work in process inventory. Transferred in from the prior de partment during September Ending work in process inventory.. Units to Conversion 17,000 50,000 17,000 10% 40% According to the company's records, the conversion cost in beginning work in process inventory was P3,434 at the beginning of September. Additio nal conversion costs ofP117,914 were incurred in the department during the month.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What would be the cost per equivalent unit for conversion costs for September? (Round off to three decimal places.)

NUBD Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of September appear below. Percent Complete with Respedt Units to Conversion 17,000 Beginning work in process inventory. Transferred in from the prior de partment during September 50,000 Ending work in process inventory. 10% 17,000 40% According to the company's records, the conversion cost in be ginning work in process inventory was P3,434 at the beginning of September. Additio nal conversion costs of P117,914 were incured in the department during the month.
Transcribed Image Text:NUBD Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of September appear below. Percent Complete with Respedt Units to Conversion 17,000 Beginning work in process inventory. Transferred in from the prior de partment during September 50,000 Ending work in process inventory. 10% 17,000 40% According to the company's records, the conversion cost in be ginning work in process inventory was P3,434 at the beginning of September. Additio nal conversion costs of P117,914 were incured in the department during the month.
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