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Description: Assume an ending work in process of inventory of 100 units, 80% complete regarding materials and 30% complete regarding conversion. For purposes of calculating costs per equivalent unit for materials and conversion: a) the numerator would include 8

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 4EB: There were 1,500 units in ending work in process inventory that were 100% complete with regard to...

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Assume an ending work in process of inventory of 100 units, 80% complete regarding materials and 30% complete regarding conversion. For purposes of calculating costs per equivalent unit for materials and conversion:

a) the numerator would include 80 units for materials and 30 units for conversion

b) the denominator would include 100 units for materials and 100 units for conversion

c) the denominator would include 20 units for materials and 70 units for conversion

d) the denominator would include 80 units for materials and 30 units for conversion

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