A1 Company has a process cost system and uses the average costing method. All materials are introduced at the beginning of the process in Department 1. The following information is available for the month of January 2021: WIP, January 1 (40% complete as to conversion costs) 500 units Started in January 2,000 units Transferred to Department 2 during January WIP, January 31 (25% complete as to conversion costs) 2,100 units 400 units What is the equivalent units of production for MATERIALSS?

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...
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A1 Company has a process cost system and uses the average costing
method. All materials are introduced at the beginning of the
process in Department 1. The following information is available for
the month of January 2021:
WIP, January 1 (40% complete
as to conversion costs)
500 units
Started in January
2,000 units
Transferred to Department 2
during January
2,100 units
WIP, January 31 (25% complete
as to conversion costs)
400 units
What is the equivalent units of production for MATERIALS?
Transcribed Image Text:A1 Company has a process cost system and uses the average costing method. All materials are introduced at the beginning of the process in Department 1. The following information is available for the month of January 2021: WIP, January 1 (40% complete as to conversion costs) 500 units Started in January 2,000 units Transferred to Department 2 during January 2,100 units WIP, January 31 (25% complete as to conversion costs) 400 units What is the equivalent units of production for MATERIALS?
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