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Problem Static Compute Equivalent Units LO
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The following information applies to the questions displayed below.
Select the best answer for each of the following independent multiplechoice questions.
Problem Static Part d
d Novera, Limited reported the following physical units in workinprocess inventory for July in Department N:
Workinprocess, July complete
Workinprocess, July complete
Department N is the second stage of the process at Novera. Materials are added at the end of the process. Department N uses FIFO process costing. At the end of July, the equivalent units for transferredin resources was for calculating product cost. What were the equivalent units used in the production cost computation for the month of July for materials and conversion costs using the FIFO method?
Multiple Choice
Materials ; Conversion
Materials ; Conversion
Materials ; Conversion
None of the options are correct
Materials ; Conversion
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