Answer and show your solution

481 Cost of Production t: FIFO Cos a. Orchids Company has s9. cthod. All a process cost system using the FIFO cost flow naterials are introduced at the beginning of the process e following information is available for the cost method. in Department One. Th month of January 2018: Units Work in process, 1/1/18 (40% Started in January Transferred to Department Two during January Work in process, 1/31/18 (25% 500 2,000 2,100 400 complete as to conversion costs) complete as to conversion costs) What are the equivalent units of production for the month of Janu- ary 2018? Materials Conuersion 2,500 2,500 2,000 2,000 a. 2,200 1,900 2,200 2,000 C. d. 40. Department II of Hope Manufacturing Company presents the fol lowing production data for the month of May, 2018: Opening inventory 3/8 completed Started in process Transferred Closing inventory, 4,000 units 13,000 units 9,000 units 4,000 units 4,000 units 1/2 completed 3/4 completed What are the equivalent units of production for the month of May 2018 AVERAGE 13,000 units 12,500 units 14,000 units 14,000 units FIFO a. b. c. d. 12,500 units 17,000 units 12,500 units 15,000 units