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Compute the cost per equivalent unit for August

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Problem - Assume for August that Faust Manufacturing has manufacturing costs in BWIP equal to $80,000. During August, the cost incurred was $720,000. Using the FIFO method, Faust had 120,000 equivalent units for August. Compute the cost per equivalent unit for August?

a. $6.12.

b. $6.50.

c. $5.60.

d. $6.00.

e. $6.67.

Reference no: EM132700043

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