Answer (A) is correct . The FIFO equivalent units of conversion cost equal 196,800. Conversion cost incurred during May was $574,040 ($182,880 DL + $391,160 FOH). Hence, the equivalent-unit conversion cost under FIFO is $2.92 ($574,040 ¡Â 196,800). 1968000=32000*0.8+48000*0.4+152000=196800
Answer (B) is incorrect because The cost per equivalent unit under the weighted-average method is $3.00.
Answer (C) is incorrect because Total conversion cost divided by FIFO equivalent units of conversion cost equals $3.10.
Answer (D) is incorrect because The amount of $3.23 assumes EWIP is 0% complete as to conversion cost.
Using the FIFO method, Albany Mining’s equivalent unit conversion cost for May is
