Wilson Company has a process costing system. The Assembly Department had the following costs for May: 
-Assume that Wilson uses the FIFO method,and that for May the company computed 16,000 equivalent units for materials.The cost per equivalent unit for materials for the month would have been:
Definitions:
Functional Currency
Functional currency is the currency of the primary economic environment in which an entity operates, and in which its financial statements are prepared.
Functional Currency
The main currency used by a business or unit in its day-to-day operations.
Exchange Rate
The price at which one currency can be exchanged for another, often fluctuating based on market conditions.
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