question castle company uses the fifo method in its process costing system in the cu 4285481

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: