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During September, the Filtering Department of Downtown Center, Inc. had a beginning Work-in-Process ...

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During September, the Filtering Department of Downtown Center, Inc. had a beginning Work-in-Process ...

During September, the Filtering Department of Downtown Center, Inc. had a beginning Work-in-Process Inventory of 600 units with costs of $72,000. During the month, 700 units were transferred in from the Milling Department with costs of $209,000. It had 600 units in ending Work-in-Process Inventory. What is the cost per equivalent unit of production for the transferred in units that were transferred to the Filtering Department in September under the first-in, first-out (FIFO) method? (Round your answer to the nearest cent.)
A) $298.57 per equivalent unit of production for transferred in
B) $55.38 per equivalent unit of production for transferred in
C) $1.00 per equivalent unit of production for transferred in
D) $54.17 per equivalent unit of production for transferred in

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 767 times

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8 years ago

This was certainly a tough question, loving the expertise

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Lindsey H.

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6 years ago

Thank you

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Help! The answer is missing an explanation...

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