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) $55.38 per equivalent unit of production for transferred in
B) $1.00 per equivalent unit of production for transferred in
C) $54.17 per equivalent unit of production for transferred in
D) $298.57 per equivalent unit of production for transferred in
D .D)
Transferred in equivalent units
Beginning Work-in-Process Inventory 600
Transferred in 700
Total 1,300
Accounted for
Beginning Work-in-Process Inventory 600 0
Started and completed 100 100
Ending Work-in-Process Inventory 600 600
Equivalent Units 1,300 700
per equivalent unit of production for transferred in
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