Materials are added at the beginning of the production process at Santiago Company, which uses...
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Accounting
Materials are added at the beginning of the production process at Santiago Company, which uses a FIFO process costing system. The following information on the physical flow of units is available fo the month of April.
Beginning work in process (40% complete) $22,500
Started in April $255,000
Completed in April and transferred out $240.000
Ending work in process (70% complete) $37,500
Compute the equivalent units for the conversion cost calculation.
Equivalent units total: ?
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