Multiple Choice
Hendrix, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July's activities:
On July 1: Beginning inventories = 750 units, 60% complete
Direct materials cost = $5,925
Conversion costs = $4,095
During July: 15,000 units started
Direct materials added = $150,000
Conversion costs added = $83,520
On July 31: Ending inventories = 1,500 units, 40% complete
Using the FIFO method, the cost per equivalent unit for materials used during July was:
A) $9.90
B) $9.80
C) $11.11
D) $10.00
Correct Answer:
Verified
Correct Answer:
Verified
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