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    Fifo Method of Process Costing

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    Your company uses the fifo method in its process costing system. In the cutting department in june, units were 80% complete with respect to conversion in the beginnning work in process inventory and 33% complete with respect to conversion in the ending work in process inventory. Other date for the dept for june follws:beginning inventory 25,000/$30,000 Units started and costs incurred 140,000/$175,000 Completed and transferred out 135,000 What would be the cost per equivalend unit for conversion costs?

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    Solution Summary

    The expert examines FIFO methods of process costing.