Morvan Corporation Uses the FIFO Method in Its Process Costing

question 5

Multiple Choice

Morvan Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed.
-The cost per equivalent unit for conversion costs for the first department for the month is closest to:

• A)$48.50
• B)$44.72
• C)$42.59
• D)$43.33

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