Tori Company uses the FIFO method in its process costing system. The first processing department, the...

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Tori Company uses the FIFO method in its process costing system. The first processing department, the Soldering Department, s

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Answer 1

Answer #1

Units started and completed:

= 69,100 - 24,000

= 45,100

Equivalent units:

Conversion:

= (18,000 X 20%) + 45,100 + (24,000 X 90%)

= 70,300

Cost per equivalent unit:

= $566,125 / 70,300

= $8.053

2nd option

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Answer 2

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