Kenney Company uses Process Costing. Materials Conversion 300 units 100% Complete 40% Complete $7,500 $2,125 Beginning Inventory of WIP Costs in Beginning Inventory Current Periods Costs Units Completed and Transferred Out Ending Inventory of WIP $70,000 $42,500 2,000 units 500 units 100% Complete 25% Complete Units Started equals 2,000 2,500 2,200 2,800 2,300 Kenney Company uses Process Costing. Materials 100% Complete Conversion 40% Complete $7,500 $2,125 Beginning Inventory of 300 units WIP Costs in Beginning Inventory Current Periods Costs Units Completed and 2,000 units Transferred Out Ending Inventory of 500 units WIP $70,000 $42,500 100% Complete 25% Complete The equivalent units of production (step 2) for materials for Kenney Company if they use the weighted Average Method is: 2,000 2,500 2.200 2,800 2,300 Kenney Company uses Process Costing. Materials 100% Complete Conversion 40% Complete $7,500 $2,125 Beginning Inventory of 300 units WIP Costs in Beginning Inventory Current Periods Costs Units Completed and 2,000 units Transferred Out Ending Inventory of 500 units WIP $70,000 $42,500 100% Complete 25% Complete The equivalent units of production (step 2) for materials for Kenney Company if they use the FIFO Method is: 2.000 2,500 2,200 2,800 2,300