Multiple Choice
Cherrington Company uses a process costing system. For May, the month just completed, the beginning work in process inventory consisted of 50,000 units which were 60% complete with respect to conversion costs. The ending inventory for the month was 20% complete with respect to conversion costs. A summary of cost data for the month follows:
-Assuming that Cherrington Company uses the FIFO method, what is the cost per equivalent unit for conversion costs for May to the nearest cent?
A) $4.31
B) $3.49
C) $4.29
D) $4.11
Correct Answer:
Verified
Correct Answer:
Verified
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