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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? Select one: 2,000; 2,000 2,000; 2,200 2,500; 1,900  2,500; 2,200

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? Select one: 2,000; 2,000 2,000; 2,200 2,500; 1,900  2,500; 2,200

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 1CMA: During December, Krause Chemical Company had the following selected data concerning the manufacture...
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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?

Select one:

  1. 2,000; 2,000
  2. 2,000; 2,200
  3. 2,500; 1,900 
  4. 2,500; 2,200 
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