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The following information is available for Keyser Corporation for the current year: Beginning Work in...

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Accounting

The following information is available for Keyser Corporation for the current
year:
Beginning Work in Process
Cost of Beginning Work in Process:
(75% complete) 14,500 units
Material $25,100
Started 75,000 units
Conversion 50,000
Ending Work in Process
Current Costs:
(60% complete) 16,000 units
Material $120,000
Abnormal spoilage 2,500 units
Conversion 300,000
Normal spoilage (continuous) 5,000 units
Transferred out 66,000 units
All materials are added at the start of production.
Refer to Keyser Corporation. Using FIFO, what is the cost per equivalent unit for
material?
Select one:
a. $1.71
b. $1.42
c. $1.66
d. $1.60

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