Business, 07.07.2021 16:10 jayden6467

Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 82,000 units, 70% complete as to materials and 25% complete as to conversion. Units started and completed: 252,000. Units completed and transferred out: 334,000.
Ending Inventory: 31,000 units, 40% complete as to materials and 15% complete as to conversion.
Costs:
Costs in beginning Work in Process
Direct Materials: $39,200.
Costs in beginning Work in Process -
Conversion: $81,700.
Costs incurred in October
Direct Materials: $718,480.
Costs incurred in October
Conversion: $995,580.
Calculate the cost per equivalent unit of conversion.

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Richards Corporation uses the FIFO method of process costing. The following information is available...

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