Question: Walden Company has a process cost system using the FIFO cost flow method. All materials are introduced at the beginning of the process in department

Walden Company has a process cost system using the FIFO cost flow method. All materials are introduced at the beginning of the process in department 1. The following information is available for the month of January 2001: Units Work-in-process, 1/1/01 (40% complete as to conversion costs) 500 Started in January 2,000 Transferred to dept. 2 during January 2,100 Work in process, 1/31/01 (25% complete as to conversion costs) 400 What are the equivalent units of production (EUP) for the month of January 2001

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