Maccari Corporation Uses the First-In, First-Out Method in Its Process

Multiple Choice

Maccari Corporation uses the first-in, first-out method in its process costing system. Operating data for the Casting Department for the month of September appear below: According to the company's records, the conversion cost in beginning work in process inventory was $61,824 at the beginning of September. Additional conversion costs of $206,412 were incurred in the department during the month.The cost per equivalent unit for conversion costs for September is closest to: (Round off to three decimal places.)

A) $3.340
B) $3.220
C) $3.156
D) $3.384