Maccari Corporation Uses the FIFO Method in Its Process Costing

question 34

Multiple Choice

Maccari Corporation uses the FIFO method in its process costing system.Operating data for the Casting Department for the month of September appear below:
According to the company's records,the conversion cost in beginning work in process inventory was $61,824 at the beginning of September.Additional conversion costs of $206,412 were incurred in the department during the month.
The cost per equivalent unit for conversion costs for September is closest to:
(Round off to three decimal places.)

• A) $3.340
• B) $3.220
• C) $3.156
• D) $3.384

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Definitions:

Coitus

The sexual act of penetration of the vagina by the penis, commonly referred to as sexual intercourse.

Stimulating

Encouraging interest or excitement in a subject or activity.

Sexual Scripts

Socially learned behaviors and expectations that guide sexual encounters, including roles, actions, and interactions.

Masturbation

The self-stimulation of one's genitals for sexual pleasure, often leading to orgasm.