Question: 7 Salmont Corporation uses the FIFO method in its process costing system. The company reported 34,000 equivalent units of production for materials last month. The


7 Salmont Corporation uses the FIFO method in its process costing system. The company reported 34,000 equivalent units of production for materials last month. The company's beginning work in process Inventory consisted of 5,500 units, 40% complete with respect to materials. The ending work in process inventory consisted of 3,500 units, 70% complete with respect to materials. The number of units started during the month was: Multiple Choice O 34,200 units 32 600 units 31,750 units 33.750 units 6 Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of 7,200 units that were 75% complete with respect to conversion costs. Ending work in process inventory consisted of 6,200 units that were 60% complete with respect to conversion costs. If 14,400 units were transferred to the next processing department during the period, the equivalent units of production for conversion cost would be: Multiple Choice O 15.200 units O 12,720 units O 16.200 units 15,400 units O
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