DEF Company has a process cost system. All materials are introduced at the beginning of the process in Department One. The following information is available for the month of December:   Units Work-in-process, December 1 (40% complete as to conversion costs) 500 Started in December 2,000 Transferred to Department Two during December 2,100 Work-in-process, December 31 (25% complete as to conversion costs) ?   What are the equivalent units of production for the month using FIFO Method in Materials and Conversion?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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DEF Company has a process cost system. All materials are introduced at the beginning of the process in Department One. The following information is available for the month of December:

 

Units

Work-in-process, December 1 (40% complete as to conversion costs) 500

Started in December 2,000

Transferred to Department Two during December 2,100

Work-in-process, December 31 (25% complete as to conversion costs) ?

 

What are the equivalent units of production for the month using FIFO Method in Materials and Conversion?

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