Zippy Company Has a Process Costing System

question 41

Multiple Choice

Zippy Company has a process costing system. Information about units processed and processing costs incurred during a recent month in the Refining Department follow: The beginning work in process inventory had $10,946 of processing cost attached to it at the beginning of the month. During the month, the Department incurred an additional $289,954 in processing cost.
-Assuming that the company uses the FIFO method,what is the cost per equivalent unit of production for processing for the month?

• A)$2.89
• B)$2.98
• C)$3.00
• D)$3.09

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Definitions:

Hypnagogic Sensations

Experiences occurring at the threshold of sleep, often including visual, auditory, or bodily sensations such as falling or hearing one's name called.

N1 Sleep

The initial stage of sleep that occurs between wakefulness and deeper sleep, characterized by light sleep and the ease of being awakened.

Narcolepsy

A long-standing sleep ailment marked by excessive sleepiness during the day and abrupt sleep episodes.

Delta Waves

The large, slow brain waves associated with deep sleep.