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Q9 Waterway Company uses the FIFO method to calculate equivalent units of production. It has 1900 units in beginning Work in Process inventory, 15% complete
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Waterway Company uses the FIFO method to calculate equivalent units of production. It has 1900 units in beginning Work in Process inventory, 15% complete related to conversion costs and 60% complete related to direct materials costs, 24300 units started, and 3200 units in ending Work in Process inventory, 35% complete related to conversion costs, and 70% complete related to direct materials cost. How much are the equivalent units of production for direct materials under the FIFO method? O 26200 0 24100 O 24300 O 25240 Step by Step Solution
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