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What is the conversion cost per unit using FIFO method

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Reference no: EM132967944

Question - The following activity was recorded for a factory: Production Data:

Equivalent Units Needed to complete

Beginning Inventory

Material 2200

Conversion 3300

Units started and completed

Material 12,000

Conversion 12,000

Equivalent Units of Ending Inventory

Material 1,150

Conversion 2,300

Cost Data:

Work in Process Inventory July 1

Material Costs 4,605

Conversion Costs 7,040

Costs Added During month:

Material costs 32,542

Conversion costs 33,616

Required - What is the conversion cost per unit using the first-in first-out (FIFO) method?

Reference no: EM132967944

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