Problem:
Brody Corp uses a process costing system. Beginning inventory for January consisted of 1,100 units that were 47% completed. 10,000 units were started into the process during January. On January 31, the inventory consisted of 550 units that were 79% completed.
Required:
Question: How many units were completed during the period?
- 10,550
- 9,450
- 11,650
- 11,100
Note: Please provide equation and explain comprehensively and give step by step solution.