Which statement is true for tomato company

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Reference no: EM132774115

Tomato Company adds material at the start of its production process and has the following information available for March:

Beginning Work in Process (40% complete to conversion) 7,000 units

Started this period 32,000 units

Ending work in process inventory (25% complete to conversion) 2,500 units

Transferred out ?

Problem 1: Which statement is true?

a. The units started and complete in March is 29,000

b. The equivalent units of production for materials using FIFO is 32,000

c. The equivalent units of production for materials using average is 32,000

d. The equivalent units of production for conversion cost using average is 34,325

Reference no: EM132774115

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