Question: A manufacturing company uses the FIFO method in its process costing system. In the Cutting Department, 25% was completed in the process inventory according to

  1. A manufacturing company uses the FIFO method in its process costing system. In the Cutting Department, 25% was completed in the process inventory according to the transformation in the beginning work and 30% in the finishing work in the process inventory, according to the transformation, in June. Other data of the Ministry for June are as follows:

units

Conversion costs

Getting started in process inventory

20,000

50,000

Units that started production within the month

145,000

180,000

Completed and transferred units

140,000

-

Ending inventory

25,000

-


Required: Calculate equivalent per unit cost for conversion costs?

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