Question: In a process costing system using the FIFO method, if the beginning WIP has a cost of $20,000, the current period costs are $180,000, and

In a process costing system using the FIFO method, if the beginning WIP has a cost of $20,000, the current period costs are $180,000, and there are 60,000 equivalent units for conversion costs, what is the cost per equivalent unit for conversion? $2.83. $3.33. $3.50. $3.00.

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