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Penny, Inc

Question 55

Multiple Choice

Penny, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Information about July's activities is as follows: Penny, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Information about July's activities is as follows: ​ -Using the FIFO method, the number of equivalent units for conversion costs was A) 14,400 B) 14,380 C) 14,550 D) 15,850 ​
-Using the FIFO method, the number of equivalent units for conversion costs was


A) 14,400
B) 14,380
C) 14,550
D) 15,850

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