Answer already solve in bertleby , I do not understand please do not copy that ans s theMerced Corporation has a process costing system and uses the first-in, first-out method. For May, the company's beginning work in processinventory was 75% complete with respect to conversion, and the ending work in process inventory was 80% complete with respect to conversion.Information on units processed and conversion costs incurred during May follow:Units Conversion28,000 $ 44,000Work in process inventory on May 1Units started into production, and costs incurred during the month 130,000 s 266,700Units completed and transferred to finished goods during the month 108,000Work in process inventory on May 31The amount of conversion cost in the ending work in process inventory was:50,000O 68,000O $222,700O $80,000$84,000

Equivalent units of products concept came in to existence when some units are not fully completed at…

Answered: into production, and ed and transferred…

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into production, and ed and transferred as inventory on May conversion cost in the CC

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4CMA: A company is using process costing with the first-in, first-out (FIFO) method, and all costs are...

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Merced Corporation has a process costing system and uses the first-in, first-out method. For May, the company's beginning work in process
inventory was 75% complete with respect to conversion, and the ending work in process inventory was 80% complete with respect to conversion.
Information on units processed and conversion costs incurred during May follow:
Units Conversion
28,000 $ 44,000
Work in process inventory on May 1
Units started into production, and costs incurred during the month 130,000 s 266,700
Units completed and transferred to finished goods during the month 108,000
Work in process inventory on May 31
The amount of conversion cost in the ending work in process inventory was:
50,000
O 68,000
O $222,700
O $80,000
$84,000

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