Question: Omega Company has a process cost system. All materials are introduced at the beginning of the process in Department One. The following information is available

Omega Company has a process cost system. All materials are introduced at the beginning of the process in Department One. The following information is available for the month of January:

Work in process, 1/1 (40% completed as to conversion costs)500 units

Started in January2,000 units

Transferred to Department Two during January2,100 units

Work in process, 1/31 (25% completed as to conversion costs)400 units

What are the EUP for the month of January for Materials and Conversion Costs under FIFO and Weighted Average Method?

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