Qart Corporation Uses the FIFO Method in Its Process Costing

Multiple Choice

Qart Corporation uses the FIFO method in its process costing system. Operating data for the Cutting Department for the month of March appear below: According to the company's records, the conversion cost in beginning work in process inventory was $1,656 at the beginning of March. Additional conversion costs of $129,960 were incurred in the department during the month. The cost per equivalent unit for conversion costs for March is closest to:

A) $1.710
B) $1.677
C) $1.756
D) $1.840