Prasad Corporation Uses the FIFO Method in Its Process Costing

question 16

Multiple Choice

Prasad 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. To reduce rounding error, carry out all computations to at least three decimal places.
-The cost per equivalent unit for conversion costs for the first department for the month is closest to:

• A)$38.96
• B)$43.33
• C)$40.98
• D)$40.91

---

Definitions:

Dominant Gene

A gene that expresses its phenotype even in the presence of its recessive form, thus determining the characteristic it controls.

Phenylketonuria (PKU)

A genetic disorder characterized by the body's inability to metabolize the amino acid phenylalanine, leading to brain and nerve damage if untreated.

Genotype

The genetic constitution of an individual organism, often distinguished by the specific combination of alleles.

Phenotype

Observable traits in an individual that arise due to the combination of their genetic composition and environmental factors.