Exercise 7-2. Equivalent Unit Computations1. Increase in UnitsA company has the following production data: Work in Process, beg - 1,000 units; Unitsreceived from preceding dep't - 20,000; units transferred to the next dep't - 29,800, Work inProcess, end – 1,200. What is the increase in units resulting from production?2. Increase in UnitsAn increase of 20% occurs at the start of the process upon addition of materials. Compute forequivalent units of production using (a]FIFO and [b] Average costing considering theinformation below:Work in Process, beg ( 2/7 done)PrecedingWork in Process, end (3/4 done)7,000 unitsReceivedfrom20,000 units9,000 units

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Description: Exercise 7-2. Equivalent Unit Computations1. Increase in UnitsA company has the following production data: Work in Process, beg - 1,000 units; Unitsreceived from preceding dep't - 20,000; units transferred to the next dep't - 29,800, Work inProcess,

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Exercise 7-2. Equivalent Unit Computations 1. Increase in Units A company has the following production data: Work in Process, beg 1,000 units; Units received from preceding dep't- 20,000; units transferred to the next dep't - 29,800, Work in Process, end - 1,200. What is the increase in units resulting from production?

Exercise 7-2. Equivalent Unit Computations 1. Increase in Units A company has the following production data: Work in Process, beg 1,000 units; Units received from preceding dep't- 20,000; units transferred to the next dep't - 29,800, Work in Process, end - 1,200. What is the increase in units resulting from production?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 9EB: Production data show 15,200 units were transferred out of a stage of production and 3,500 units...

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