Use the information below to answer the following question(s) .Apex Disk Company operates a computer disk manufacturing plant.Direct materials are added at the end of the process.The following data were presented for August:
-Calculate equivalent units for conversion costs using the FIFO method.
Definitions:
Marginal Revenue
The additional income that is gained from selling one more unit of a product or service.
Price Change
A modification in the selling price of goods or services over a period.
Total Cost
The aggregate financial sum incurred by a firm in the production of goods or services, including both fixed and variable costs.
Average Cost
The total cost of production divided by the quantity of output produced, reflecting the cost per unit of output.
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