Question: Krollon Company uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one

Krollon Company uses the FIFO method in its process costing system. Thefollowing data are for the most recent month of operations in oneof the company's processing departments: Units in beginning inventory Units started intoproduction 1,370 5,700 900 Units transferred to the next department 6,170 Unitsin ending inventory Percentage completion of beginning inventory Percentage completion of endinginventory Materials 70% SOK Conversion 30% The cost of beginning inventory according

Krollon Company uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: Units in beginning inventory Units started into production 1,370 5,700 900 Units transferred to the next department 6,170 Units in ending inventory Percentage completion of beginning inventory Percentage completion of ending inventory Materials 70% SOK Conversion 30% The cost of beginning inventory according to the company's costing system was $65,760, of which $36.990 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $392.103. The costs per equivalent unit for the month were as follows: Cost per equivalent unit Materials $32.00 Conversion $36.00 Required: 1. Compute the total cost per equivalent unit for the month. (Round your answer to 2 decimal places.) Total cost per equivalent unit

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