Multiple Choice
Use this information about Penny, Inc. to answer the questions that follow.
Penny, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information about the July activities:
-Using the FIFO method, the number of equivalent units of conversion costs was
A) 14,400
B) 14,380
C) 14,550
D) 15,850
Correct Answer:
Verified
Correct Answer:
Verified
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