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Marten Corporation Uses the FIFO Method in Its Process Costing

question 80

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Marten Corporation uses the FIFO method in its process costing system.Operating data for the Casting Department for the month of September appear below: Marten 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 $83,600 at the beginning of September.Additional conversion costs of $427,682 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) $5.498 B) $5.779 C) $5.620 D) $5.500 According to the company's records,the conversion cost in beginning work in process inventory was $83,600 at the beginning of September.Additional conversion costs of $427,682 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. )

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