the conversion cost

Qart Corporation uses the FIFO method in its process costing system. Operating data for the Cutting

Department for the month of March appear below.

According to the company’s records, in beginning work in process inventory was

$1,656 at the beginning of March. Additional conversion costs of $129,960 were incurred in the

department during the month. What is the cost per equivalent unit for conversion costs for March closest

to?

beginning work in process inventory 4500 units 20%

transferred in from the prior department during march 74000 units

completed and transferred to the next department during march 74500 units

ending work in process inventory 4000 60%

A. $1.710

B. $1.677

C. $1.756

D. $1.840