At the beginning of the period, there were 1,000 units in process that were 40% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 8,000 units were started and completed. Ending inventory contained 500 units that were 20% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process cost method. The equivalent units of production for materials and conversion costs, respectively, were:
At the beginning of the period, there were 1,000 units in process that were 40% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 8,000 units were started and completed. Ending inventory contained 500 units that were 20% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process cost method. The equivalent units of production for materials and conversion costs, respectively, were:
Chapter5: Process Costing
Section: Chapter Questions
Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...
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At the beginning of the period, there were 1,000 units in process that were 40% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 8,000 units were started and completed. Ending inventory contained 500 units that were 20% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process cost method.
The equivalent units of production for materials and conversion costs, respectively, were:
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