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University Of North Carolina Operations And Supply Chain Management Assignment Help - Malaviya Corporation

Question - Malaviya Corporation uses the FIFO method in its process-costing system. Operating data for the
Casting Department for the month of September appear below:

Units Percent Complete
with Respect to
Beginning work in process inventory 17,000 40%
Transferred in from the prior department
during September 72,000
Ending work in process inventory 18,000 30%

According to the company's records, the conversion cost in the 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. $9.087
B. $9.40 ...Read More

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