Edwin Company uses the FIFO method in its process costing system. The first processing department, the Welding Department, started the month with 22,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $24,200. An additional 96,000 units were started into production during the month. There were 20,000 units in the ending work in process inventory of the Welding Department that were 90% complete with respect to conversion costs. A total of $585,900 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs

$5.77

Explanation:

Beginning WIP 22,000 units (20 % complete, 80% need to be completed in current month)

Beginning WIP 22,000 units*(100 - 20%)        17,600 units

Units started & completed in current month   66,000 units (96,000-20,000)

Ending WIP 20,000 units * 90%                       18,000 units

Equivalent units of production                          101,600 units

Cost per equivalent unit for conversion costs = $585,900/101,600 units

Cost per equivalent unit for conversion costs = $5.7667323

Cost per equivalent unit for conversion costs = $5.77

the answer is either c or b, i cant be to sure tho.

apex verified answer < 3

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i really hope this < 3 < 3 < 3