Moulgadi Corporation Uses the FIFO Method in Its Process Costing

question 61

Multiple Choice

Moulgadi 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) $37.87
• B) $39.76
• C) $43.81
• D) $41.20

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Definitions:

Months

Units of time, each roughly about 30 days long, that together constitute a year.

Age

The duration for which an individual or item has existed or been alive.

Laughter

A bodily reaction, often spontaneous, consisting of rhythmical, often audible contractions of the diaphragm and other parts of the respiratory system.

Sadness

A natural emotional response to experiences of loss, disappointment, or other upsetting circumstances.