Chicotti Company has 6,000 units in beginning work in process, 30% complete as to conversion costs, 75,000 units transferred out to finished goods, and 2,000 units in ending work in process 20% complete as to conversion costs. The beginning and ending inventory is fully complete as to materials costs.
Required:
1. How much are equivalent units for conversion costs if the FIFO method is used?
Answers: 2
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Chicotti Company has 6,000 units in beginning work in process, 30% complete as to conversion costs,...
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