Multiple Choice
The Made Rite Shoe Corporation uses a process costing system. In the Cutting Department, 4,000 units were started and by the end of the period, all but 400 units had been completed. The 400 units were 80% complete regarding materials and 40% complete regarding conversion costs. Costs added during the current period include $66,640 for materials and $70,312 for conversion. What was the cost perequivalent unit of production for conversion costs?
A) $17.00
B) $18.70
C) $17.91
D) $16.91
Correct Answer:
Verified
Correct Answer:
Verified
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