QC company makes product Z. The company began July with 500 units in process that were 100% complete as to material 1, 4/5 complete as to material 2 and 3/5 complete as to conversion costs. During the month, 3,300 units were started. On July 31, 2012, 350 units were in process (100% complete as to material 1, 30% incomplete as to material 2 and 40% incomplete as to conversion cost. Using FIFO method, what are equivalent units for material 2?
QC company makes product Z. The company began July with 500 units in process that were 100% complete as to material 1, 4/5 complete as to material 2 and 3/5 complete as to conversion costs. During the month, 3,300 units were started. On July 31, 2012, 350 units were in process (100% complete as to material 1, 30% incomplete as to material 2 and 40% incomplete as to conversion cost. Using FIFO method, what are equivalent units for material 2?
Chapter5: Process Costing
Section: Chapter Questions
Problem 8EB: A production department within a company received materials of $7,000 and conversion costs of $5,000...
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QC company makes product Z. The company began July with 500 units in process that were 100% complete as to material 1, 4/5 complete as to material 2 and 3/5 complete as to conversion costs. During the month, 3,300 units were started. On July 31, 2012, 350 units were in process (100% complete as to material 1, 30% incomplete as to material 2 and 40% incomplete as to conversion cost. Using FIFO method, what are equivalent units for material 2?
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