The Bottling Department of Mountain Springs Water Company had 5,300 liters in beginning work in process inventory (30% complete). During the period, 56,800 liters were completed. The ending work in process inventory was 3,100 liters (60% complete). All inventories are costed by the first-in, first-out method. What are the equivalent units for conversion costs under the FIFO method?
The Bottling Department of Mountain Springs Water Company had 5,300 liters in beginning work in process inventory (30% complete). During the period, 56,800 liters were completed. The ending work in process inventory was 3,100 liters (60% complete). All inventories are costed by the first-in, first-out method. What are the equivalent units for conversion costs under the FIFO method?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The Bottling Department of Mountain Springs Water Company had 5,300 liters in beginning work in process inventory (30% complete). During the period, 56,800 liters were completed. The ending work in process inventory was 3,100 liters (60% complete). All inventories are costed by the first-in, first-out method. What are the equivalent units for conversion costs under the FIFO method?
fill in the blank 1 equivalent units
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