Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN: 9781305970663
Author: Don R. Hansen, Maryanne M. Mowen
Publisher: Cengage Learning
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Hi expart solve this accounting question

Mercer Corp uses the FIFO (first in first out)
method in its process costing system. The
cutting department had $6,000 in the material
cost in its beginning work in process inventory
and $75,000 in material cost was added
during the period. The equivalent units of
production for the material for the period were
20,000. The cost per equivalent unit for
materials would be:
A) $1.30
B) $3.30
C) $3.75
D) $4.05
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Transcribed Image Text:Mercer Corp uses the FIFO (first in first out) method in its process costing system. The cutting department had $6,000 in the material cost in its beginning work in process inventory and $75,000 in material cost was added during the period. The equivalent units of production for the material for the period were 20,000. The cost per equivalent unit for materials would be: A) $1.30 B) $3.30 C) $3.75 D) $4.05
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