During September, the Filtering Department of Olive Company had beginning transferred in units of 400 units with
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Question:
During September, the Filtering Department of Olive Company had beginning transferred in units of 400 units with costs of $80,000. During the month, 800 units were transferred in from the Milling Department with transferred in costs of $200,000. It had 400 units in ending Work-in-Process Inventory.
What is the cost per equivalent unit of production for the transferred in units transferred to the Finishing Department in September under the first-in, first-out (FIFO) method?
A) $275 per equivalent unit of production for transferred in
B) $200 per equivalent unit of production for transferred in
C) $75 per equivalent unit of production for transferred in
D) $167 per equivalent unit of production for transferred in
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