Mullins Corporation Uses the First-In, First-Out Method in Its Process

question 95

Multiple Choice

Mullins Corporation uses the first-in, first-out method in its process costing system. Data concerning the first processing department for the most recent month are listed below: The cost per equivalent unit for conversion costs for the first department for the month is closest to:

• A) $48.79
• B) $45.20
• C) $44.68
• D) $43.05

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