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A Company uses FIFO method in its process costing system. All materials are introduced at the beginning of the process in Department One. The following data relate to the month of May for Department One:

                                                                              Units
WIP, May 1 (conversion 60% complete)                   1,700
Started in May                                                         7,700
Transferred to Department Two during May               8,200
WIP, May 31 (conversion 30% complete)                 1,200

What are the equivalent units for the month of May for materials and conversion?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9980524

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