Question: Assume Eames Company uses a process costing system based on the FIFO method. Eames' accountant produces the following equivalent unit calculations for the month of

FIFO method. Eames' accountant produces the following equivalent unit calculations for the

Assume Eames Company uses a process costing system based on the FIFO method. Eames' accountant produces the following equivalent unit calculations for the month of November: Where do the uniscome from? Beginning hventory 2,000 Whete dathewni.go? Completel Transferred Beginning Inventory Started and Completed Ending luwentory % in Mon] 2,000 0% 18,000 100% 3,000 100% 23,000 Equivalent Units Direct in Conversion Materials Monj Dosts 0 30% 600 18.000 100% 8.000 3,000 25% 750 21000 19,350 Started Total 21.000 23,000 Total Also assume that the beginning inventory had accumulated $15,500 of materials and $9,600 of conversion costs in the previous month. During the month of November, current costs included $157,500 of materials and $193,500 of conversion costs. Calculate the average cost per equivalent unit for conversion costs for the month of November. Select one: O a. $0.10 b. $0.50 C. $9.21 d. $10.00 e. $10.49

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