Question:
Walden Company has a process costing system and uses the FIFO method. All materials are introduced at the beginning of the process in Department One. The following information is available for the month of January for Department One:
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Units
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Work in process, January 1 (conversion 40% complete)
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500
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Started in January
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2,000
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|
Transferred to Department Two during January
|
2,100
|
|
Work in process, January 31 (conversion 25% complete)
|
400
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What are the equivalent units for the month of January?
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Materials
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Conversion Cost
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A)
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2,500
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2,200
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B)
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2,500
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1,900
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C)
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2,000
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2,200
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D)
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2,000
|
2,000
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