Question

Castle Company uses the FIFO method in its process costing system. In the Cutting Department in June, units were four-fifths complete with respect to conversion in the beginning work in process inventory and one-third complete with respect to conversion in the ending work in process inventory. Other data for the department for June follow:

 

 

The cost per equivalent unit for conversion cost is closest to: (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

$2.20

$1.89

$2.43

$2.12

Castle Company uses the FIFO method in its process costing system. In the Cutting Department in June, units were four-fifths complete with respect to conversion in the beginning work in process inventory and one-third complete with respect to conversion in the ending work in process inventory. Other data for the department for June follow: