Mannarelli Corporation Uses the FIFO Method in Its Process Costing

question 24

Multiple Choice

Mannarelli 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 $15,660 at the beginning of September.Additional conversion costs of $526,524 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)$5.916
• B)$5.340
• C)$5.220
• D)$5.213

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Definitions:

Genetic Disorder

A disease or condition caused by an abnormality in an individual's DNA, which can be inherited or result from a genetic mutation.

Carrier

Person in apparent health whose chromosomes contain a pathologic mutant gene, which may be transmitted to his or her children.

Offspring

Descendants of a person, animal, or plant; the children or progeny.

Renal Clearance

A measure of the kidney's ability to remove substances from the blood and excrete them into the urine.