The following production data were taken from the records of the finishing department for June: Line Item Description Amount Inventory in process, June 1, 25% completed 180 units Transferred to finished goods during June Equivalent units of production during June Determine the number of equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs. a.432 units b.540 units c.648 units d.810 units 4,600 units 5,095 units
The following production data were taken from the records of the finishing department for June: Line Item Description Amount Inventory in process, June 1, 25% completed 180 units Transferred to finished goods during June Equivalent units of production during June Determine the number of equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs. a.432 units b.540 units c.648 units d.810 units 4,600 units 5,095 units
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 7E: The following information concerns production in the Baking Department for December. All direct...
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