The federal funds rate is typically ________ the primary credit lending rate. a. greater than b. equal to c. less than d. None o
1 answer:
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Answer:
$2.38
Explanation:
Note : I have uploaded the full question below as an image
Step 1
<em>Calculate the Equivalent units of production with respect to conversion costs</em>
Units Completed and Transferred (81,000 x 100%) = 81,000
Plus Units in Ending Work In Process (9,000 x 20%) = 1,800
Total Equivalent Units = 82,800
Step 2
<em>Calculate the Total Conversion Costs during the period</em>
Total Conversion Costs = $197,380 (given)
Step 3
<em>Calculate Cost per Equivalent Unit</em>
Cost per Equivalent Unit = Total Cost ÷ Equivalent Units
= $197,380 ÷ 82,800
= $2.38
