Question: A Inc., employs a process costing system. Direct materials are added at the beginning of the process. Here is the information about July's activities: On

A Inc., employs a process costing system. Direct materials are added at the beginning of the process. Here is the information about July's activities: On July 1 Beginning inventories 850 units, 60% complete Direct materials cost $5,000 Conversion Costs $4,000 During July Number of units started 15,000 Direct materials added $155,000 Conversion costs added $83,520 On July 31 Ending Inventories 1,600 units, 40% complete Using FIFO method, (A) the number of units started and completed in July was? (B) the number of equivalent units of conversion costs was? (C) the cost of goods completed and transferred out during July was? For A - I came up with 14,250 but not sure if I am doing the process correctly - please advise. Thank you in advance for your help

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