000A company's records show the following information for August:A. Started this month, 38,000 unitsB. Ending inventory, 12,000 units. 15% complete as to materials and 10%complete as to conversion costs.6. How many units were transferred out during the month?a. 22,000 unitsb. 26,000 unitsc. 18,000 unitsd. 42,000 units167. How many units were started and completed during the month?a. 18,000 unitsb. 22,000 unitsc. 26,000 unitsd. 30,000 units8. For materials, how many equivalent units were produced?a. 25,800 EUb. 26,000 EUde c. 27,800 EUe d. 50,000 EU119. For conversion costs, how many equivalent units were produced?a. 24,000 EUb. 27,200 EUC. 27,800 EUd. 50,000 EU

Equivalent units of production is a term used to describe the inventory of work-in-progress at the…

A company's records show the following information for August: A. Started this month, 38,000 units B. Ending inventory, 12,000 units. 15% complete as to materials and 10% complete as to conversion costs. 5. How many units were transferred out during the month? a. 22,000 units (6. 26,000 units c. 18,000 units d. 42,000 units 7. How many units were started and completed during the month? a. 18,000 units b. 22,000 units c. 26,000 units d. 30,000 units 8. For materials, how many equivalent units were produced? a. 25,800 EU y b. 26,000 EU c. 27,800 EU d. 50,000 EU 9. For conversion costs, how many equivalent units were produced? a. 24,000 EU b. 27,200 EU c. 27,800 EU d. 50,000 EU

A company's records show the following information for August: A. Started this month, 38,000 units B. Ending inventory, 12,000 units. 15% complete as to materials and 10% complete as to conversion costs. 5. How many units were transferred out during the month? a. 22,000 units (6. 26,000 units c. 18,000 units d. 42,000 units 7. How many units were started and completed during the month? a. 18,000 units b. 22,000 units c. 26,000 units d. 30,000 units 8. For materials, how many equivalent units were produced? a. 25,800 EU y b. 26,000 EU c. 27,800 EU d. 50,000 EU 9. For conversion costs, how many equivalent units were produced? a. 24,000 EU b. 27,200 EU c. 27,800 EU d. 50,000 EU

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2EA: A company started a new product, and in the first month started 100,000 units. The ending work in...

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