Fox Corporation
Fox Corporation Current Period Costs:
Material  &Nbsp; &Nbsp; &Nbsp; &Nbsp; &Nbsp; &Nbsp;

Fox Corporation
Fox Corporation.has the following information for August:
$\begin{array}{lc}\text { Beginning Work in Process Inventory } & \\\text { (70\% complete as to conversion) } & 6,000 \text { units } \\\text { Started } & 24,000 \text { unit }\\\text { Ending Work in Process Inventory } & \ \\\text { (10\% complete as to conversion) } & 8,500 \text { units } \\\text { Beginuing WIP Inventory Costs: } & \\\text { Material } &\$ 23,400\\\text { Conversion } & 50,607\end{array}$
Current Period Costs:
Material                                                                                $\$ 31,500$
Conversion                                                                            $76.956$

All material is added at the start of the process and all finished products are transferred out.
Refer to Fox Corporation.Assume that FIFO process costing is used.What is the cost per equivalent unit for conversion?

A) $3.44
B) $4.24
C) $5.71
D) $7.03

Correct Answer:

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