Question: A process with 1,600 units of beginning work in process (70% complete as to conversion costs). The cost of the begining work in process $40,000

A process with 1,600 units of beginning work in process (70% complete as to conversion costs). The cost of the begining work in process $40,000 for materials and $55,000 for conversion cost. completed and transferred out 25,000 units during a period. There were 10,000 units in the ending work in process that were 50% complete as to conversion costs. Materials are added 100% at the beginning of the process. During the month, manufacturing costs charged to the department were: Materials $660,000; Conversion costs $845,000. Using FIFO method, How much are material costs per unit?

$20

$19.76

$29.26

$30

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