Question 20

Waterway Company uses the FIFO method to calculate equivalent units. It has 1500 units in beginning Work in Process, 25% complete as to conversion costs and 50% complete as to materials costs, 25400 units started, and 2600 units in ending Work in Process, 40% complete as to conversion costs, and 75% complete as to materials cost. How much are the equivalent units for materials under the FIFO method?

25500

25400

26250

26900