Malaviya Corporation Uses the FIFO Method in Its Process Costing

Multiple Choice

Malaviya Corporation uses the FIFO method in its process costing system.Operating data for the Casting Department for the month of September appear below: $\begin{array}{lrc}&&\text { Percent Complete with}\\&\text { Units }&\text { Respect to Conversion}\\\text { Beginning work in process inventory.... } & 17,000 & 40 \% \\\text { Transferred in from the prior department } & & \\\text { during September....................... } & 72,000 \\\text { Ending work in process inventory ......... } & 18,000 & 30 \%\end{array}$ According to the company's records,the conversion cost in beginning work in process inventory was $63,104 at the beginning of September.Additional conversion costs of $654,240 were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for September? (Round off to three decimal places. )

A) $8.060
B) $9.280
C) $9.087
D) $9.400