Longboard 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 Unita Work in process, July 1 (408 complete for conversion) Started Completed and transferred to Department 21 Work in process, July 31 (60% complete for conversion) What are the equivalent units for the month of July if the company uses the FIFO method? Mumple Choice Materials 2.280 and Conversion 1,900 Matenals 2.280 and Conversion 1,936 Materials 2.280 and Conversion 2.088 Matenes 1,900 and Conversion 1936 Mate 1900 and Conversion 2.0 380 1,900 1,800 480

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Longboard 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 (408 complete for conversion)
Started
Completed and transferred to Department 2
Work in process, July 31 (60% complete for conversion)
What are the equivalent units for the month of July if the company uses the FIFO method?
Multiple Choice
Materials 2.280 and Conversion 1.900
O
Materials 2,280 and Conversion 1.936
Materials 2.280 and Conversion 2.088
Materies 1,900 and Conversion 1936
Units
Male 1900 and Conversion 2.08
380
1,900
1,800
480
Transcribed Image Text:Longboard 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 (408 complete for conversion) Started Completed and transferred to Department 2 Work in process, July 31 (60% complete for conversion) What are the equivalent units for the month of July if the company uses the FIFO method? Multiple Choice Materials 2.280 and Conversion 1.900 O Materials 2,280 and Conversion 1.936 Materials 2.280 and Conversion 2.088 Materies 1,900 and Conversion 1936 Units Male 1900 and Conversion 2.08 380 1,900 1,800 480
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