Question: Please help me solve! With the following data for a company using the FIFO process cost system, calculate the equivalent units for materials and conversion
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With the following data for a company using the FIFO process cost system, calculate the equivalent units for materials and conversion costs. Percentage Complete Whole Conversion Units Materials Costs Beginning inventory 10 100% 30% Transferred in 100 Transferred out 80 Ending inventory 30 100% 40% A. 100 materials, 89 conversion costs. B. 89 materials, 100 conversion costs. C. 110 materials, 98 conversion costs. D. 130 materials, 119 conversion costs
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