The following information pertains to a manufacturing company which uses weighted average method: Work in...
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Accounting
The following information pertains to a manufacturing company which uses weighted average method: Work in process, beginning, direct materials $550,000 and conversion $450,000, Costs added in current period, direct materials $750,000 and conversion $1,050,000, cost per equivalent unit, direct materials $200 and conversion $300. Using FIFO method, the equivalent units of conversion is:
a.
3,500 units.
b.
2,750 units.
c.
5,250 units.
d.
6,500 units.
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