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Surrey Corporation uses a process costing system to manufacture laptop PCs. The following information summarizes operations for its VeryLite model during the quarter ending March
Surrey Corporation uses a process costing system to manufacture laptop PCs. The following information summarizes operations for its VeryLite model during the quarter ending March 31, Year 1 (Click the icon to view the information.) Beginning work-in-process inventory was 30% complete for direct materials. Ending work-in-process inventory was 90% complete for direct materials. What were the equivalent units for direct materials for the quarter using the FIFO method? O 1. 468 O 2. 608 O 3. 720 O 4. 690 Data Table Direct Units Materials Work-in- process inventory, January Started during the quarter Completed during the quarter Wor 200 66,000 580 470 rk-in-process inventory, March 31 220 Costs added during the quarter $ 865,000 Print Done
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