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Penny, Inc

Question 92

Multiple Choice

Penny, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July's activities: Penny, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July's 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 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

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