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The Ever Clean Refinery Company uses a FIFO process costing system to account for its refinery operations. All direct materia

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Answer #1
Direct materials
BWIP 0
Units started and completed 40000 =50000-10000
EWIP 0 (As less than 30%)
Equivalent units 40000
Costs added during October 358350
Divide by Equivalent units 40000
Cost per equivalent unit 8.96
Option D $8.96 is correct
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