Business, 20.07.2019 00:10 pwolfiimp4

Penny, inc. employs a process costing system. direct materials are added at the beginning of the process. here is information about july's activities: on july 1: beginning inventories 850 units, 60% complete direct materials cost $5,000 conversion costs $4,000 during july: number of units started 15,000 direct materials added $155,000 conversion costs added $83,520 on july 31: ending inventories 1,600 units, 40% complete using the fifo method, the number of equivalent units of conversion costs was:

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