Walden Company has a process costing system and uses the FIFO method. All materials are introduced…


Question Description:

20

Walden Company has a process costing system and uses the FIFO method. All materials are introduced… 1 answer below » 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: Units Work in process, January 1 (conversion 40% complete) 500 Started in January 2,000 Transferred to Department Two during January 2,100 Work in process, January 31 (conversion 25% complete) 400 What are the equivalent units for the month of January? View complete question » Materials Conversion 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: Units Work in process, January 1 (conversion 40% complete) 500 Started in January 2,000 Transferred to Department Two during January 2,100 Work in process, January 31 (conversion 25% complete) 400 What are the equivalent units for the month of January? Materials Conversion Cost A) 2,500 2,200 B) 2,500 1,900 C) 2,000 2,200 D) 2,000 2,000 View less » Jul 08 2014 12:35 PM

Answer

20