DeFond Company has a process costing system. All materials are introduced at the beginning of the process in Department One. The following information is available for the month of January: Work in process, July 1 (40% complete for conversion): 430 Units Started 2,100 Units Completed and transferred to Department 2: 1,990 Units Work in process, July 31 (60% complete for conversion): 540 Units Materials Conversion A) 430 172 B) 1,990 1,990 C) 540 324 D) 2,100 2,142 2,142 E) 2,530 What are the equivalent units for the month of July if the company uses the FIFO method?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 5PB: Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units...
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DeFond Company has a process costing system. All materials are introduced
at the beginning of the process in Department One. The following
information is available for the month of January:
Work in process, July 1 (40% complete for conversion): 430 Units
Started 2,100 Units
Completed and transferred to Department 2: 1,990 Units
Work in process, July 31 (60% complete for conversion): 540 Units
Materials Conversion
A) 430
172
B) 1,990
1,990
C) 540
324
D) 2,100
2,142
2,142
E) 2,530
What are the equivalent units for the month of July if the company uses the
FIFO method?
Transcribed Image Text:DeFond Company has a process costing system. All materials are introduced at the beginning of the process in Department One. The following information is available for the month of January: Work in process, July 1 (40% complete for conversion): 430 Units Started 2,100 Units Completed and transferred to Department 2: 1,990 Units Work in process, July 31 (60% complete for conversion): 540 Units Materials Conversion A) 430 172 B) 1,990 1,990 C) 540 324 D) 2,100 2,142 2,142 E) 2,530 What are the equivalent units for the month of July if the company uses the FIFO method?
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