Qtech Corporation Uses the FIFO Method in Its Process Costing

question 44

Multiple Choice

Qtech 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) $34.72
• B) $33.52
• C) $36.67
• D) $31.92

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Definitions:

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The principle or concept that one event (the cause) leads to the outcome of another event (the effect).

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