Question: Eban Corporation uses the first-in, first-out method in its process costing system. The first processing department, the Welding Department, started the month with 19,500 units

Eban Corporation uses the first-in, first-out method in its process costing system. The first processing department, the Welding Department, started the month with 19,500 units in its beginning work in process inventory that were 50% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $57,200. An additional 60,000 units were started into production during the month. There were 17.000 units in the ending work in process inventory of the Welding Department that were 20% complete with respect to conversion costs. A total of $294,160 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs is closest to: Multiple Choice $5.75 $4.56 $5.12

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