1. Our company uses process costing. For direct materials, the cost per equivalent unit for...
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Accounting
1. Our company uses process costing. For direct materials, the cost per equivalent unit for May using FIFO costing was $8 and the cost per equivalent unit using average costing was $9. The cost per equivalent unit using FIFO in APRIL was:
higher than 8, equal to 8, lower than 8
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