Exhibit 16-5 Adam Company Uses the FIFO Method in Its

question 99

Multiple Choice

Exhibit 16-5 Adam Company uses the FIFO method in its process costing system. The following information for the Assembly Department was obtained from the accounting records for September (all materials are added at the beginning of the process) :

- Refer to Exhibit 16-5. How much did the total costs per unit increase or decrease in September compared to August?

• A) $0.05 decrease in September costs per unit as compared to August
• B) $0.05 increase in September costs per unit as compared to August
• C) $0.02 decrease in September costs per unit as compared to August
• D) $0.02 increase in September costs per unit as compared to August

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