Reference no: EM132655818

Tori Company uses the FIFO method in its process costing system. The first processing department, the Soldering Department, started the month with 33,000 units in its beginning work-in-process inventory that were 80% complete with respect to conversion costs. The conversion cost in this beginning work-in-process inventory was $117,150. An additional 85,600 units were started into production during the month. There were 39,000 units in the ending work-in-process inventory of the Soldering Department that were 90% complete with respect to conversion costs. A total of $581,125 in conversion costs were incurred in the department during the month.

Problem 1: What would be the cost per equivalent unit for conversion costs?