Ex Company produces a single product. Material A is added at the start of the production process and packaging material B is added at the end of the process. Conversion costs are incurred uniformly throughout the process. Production data for 2007 was as follows: Beginning work-in-process inventory (60% complete in conversion) 1,000 units Units started 17,000 units Units completed ? Ending work-in-process inventory (50% complete in conversion) 2,000 units Using a first-in, first-out (FIFO) process costing system, the equivalent units in 2007 for Material A are
Ex Company produces a single product. Material A is added at the start of the production process and packaging material B is added at the end of the process. Conversion costs are incurred uniformly throughout the process. Production data for 2007 was as follows:
Beginning work-in-process inventory (60% complete in conversion) 1,000 units
Units started 17,000 units
Units completed ?
Ending work-in-process inventory (50% complete in conversion) 2,000 units
Using a first-in, first-out (FIFO)
I can't figure out how to find the answer. I tried $18000 and $16000 but it is incorrect
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