Question: The answer is C, but could you explain how to get to this answer? A company doorates a process costing system using the first In,

The answer is C, but could you explain how to get to this answer?

The answer is C, but could you explain how to get to

A company doorates a process costing system using the first In, first out (FIFO] system of valuation. No losses occur in the process. The following data relate to January; Opening WIP: 200 units with a total value of (1,530 Input to the process: 1,000 units Completed production: 1,140 units The cost per equivalent unit of production was (20 and the degree of completion of the work In progress was 409% throughout the month. What was the cost of the 1,040 units completed in January? A C19,200 B C19,930 C (20,730 (20,800

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