Bentwood Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: The cost per equivalent unit for conversion costs for the first department for the month is closest to A)$37.40. B)$41.79. C)$36.00. D)$34.52. Beginning work-in- process inventory: Units in beginning work-in-process 1,200 inventory Materials costs $ 22,800 Conversion costs $ 13,200 Percent complete with 70 % respect to materials Percent complete with 25 % respect to conversion Units started into production during the 7,900 month Units transferred to the next department during 6,700 the month Materials costs added $ 150,600 during the month Conversion costs $ 249,900 added during the month Ending work-in-process inventory: Units in ending work-in- 2,400 process inventory Percent complete with 80 % respect to materials Percent complete with 35 % respect to conversion .

1. Bentwood Corporation uses the FIFO method in its process costing system. Data concerning the
first processing department for the most recent month are listed below:
The cost per equivalent unit for conversion costs for the first department for the month is closest to
A)$37.40.
B)$41.79.
C)$36.00.
D)$34.52.
Beginning work-in-
process inventory:
Units in beginning
work-in-process
inventory
1,200
Materials costs $ 22,800
Conversion costs $ 13,200
Percent complete with
respect to materials
70 %
Percent complete with
respect to conversion
25 %
Units started into
production during the
month
7,900
Units transferred to the
next department during
the month
6,700
Materials costs added
during the month
$ 150,600
Conversion costs
added during the month
$ 249,900
Ending work-in-process
inventory:
Units in ending work-in-
process inventory
2,400
Percent complete with
respect to materials
80 %
Percent complete with
respect to conversion
35 %