Garrison Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work-in-process inventory: Units in beginning work-in-process inventory 600 Materials costs $ 6,600 Conversion costs $ 2,700 Percent complete with respect to materials 60 % Percent complete with respect to conversion 10 % Units started into production during the month 7,000 Materials costs added during the month $ 102,200 Conversion costs added during the month $ 259,200 Ending work-in-process inventory: Units in ending work-in-process inventory 1,500 Percent complete with respect to materials 55 % Percent complete with respect to conversion 10 %How many units were started AND completed during the month in the first processing department? 6,100. 5,500. 7,000. 7,600.
Garrison Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work-in-process inventory: Units in beginning work-in-process inventory 600 Materials costs $ 6,600 Conversion costs $ 2,700 Percent complete with respect to materials 60 % Percent complete with respect to conversion 10 % Units started into production during the month 7,000 Materials costs added during the month $ 102,200 Conversion costs added during the month $ 259,200 Ending work-in-process inventory: Units in ending work-in-process inventory 1,500 Percent complete with respect to materials 55 % Percent complete with respect to conversion 10 %How many units were started AND completed during the month in the first processing department? 6,100. 5,500. 7,000. 7,600.
Chapter5: Process Costing
Section: Chapter Questions
Problem 6PA: Narwhal Swimwear has a beginning work in process inventory of 13,500 units and transferred in...
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Garrison Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
How many units were started AND completed during the month in the first processing department?
Beginning work-in-process inventory: | |||
Units in beginning work-in-process inventory | 600 | ||
Materials costs | $ | 6,600 | |
Conversion costs | $ | 2,700 | |
Percent complete with respect to materials | 60 | % | |
Percent complete with respect to conversion | 10 | % | |
Units started into production during the month | 7,000 | ||
Materials costs added during the month | $ | 102,200 | |
Conversion costs added during the month | $ | 259,200 | |
Ending work-in-process inventory: | |||
Units in ending work-in-process inventory | 1,500 | ||
Percent complete with respect to materials | 55 | % | |
Percent complete with respect to conversion | 10 | % |
6,100.
|
||
5,500.
|
||
7,000.
|
||
7,600.
|
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