8.AA Inc. transferred 5,500 units to finished good inventory during June. On June 1, the company had 300 units on hand (40% complete as to both materials and conversion costs). On June 30, the company had 800 units (10% complete as to material and 20% complete as to conversion costs). Using FIFO Method, what is the equivalent units of production for June conversion costs?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 7EB: A company started the month with 4,519 units in work in process inventory. It started 15,295 units...
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8.AA Inc. transferred 5,500 units to finished good inventory during June. On June 1, the company had 300 units on hand (40% complete as to both materials and conversion costs). On June 30, the company had 800 units (10% complete as to material and 20% complete as to conversion costs). Using FIFO Method, what is the equivalent units of production for June conversion costs?

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