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

month of November Also assume that the beginning inventory had accumulated 515,500

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 Also assume that the beginning inventory had accumulated 515,500 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: a $0.10 b. 50.50 c. $9.21 d. $10.00 Oo e $10.49 November Where do beto? Where does come from? Beginning wentory Equivalentes Dreck in Conversion Mattias Mon Costs 0304 800 13.000 100% 10,000 3.000 25% 750 21000 13,350 Complete/antened Begiving wetery Suted and Compluted Ending hventory To 2.000 % Mood 2.000 0% 13,000 100% 3.000 W 23.000 Started Toy 21000 23.000 brie.do the units.come from? Where do the units go? Beginning Inventory Started Total 2.000 21,000 23,000 Complete/Transferred 20.000 Ending Inventory 3,000 Total 23.000 Equivalent Units Direct Work Materials Danie? 20,000 100% 3,000 25% 23.000 % Work Done? 100% 100% Conversion Costs 20.000 750 20.750

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