T2-5 Calculate equivalent units Sury Company reported the following information for the month of April:   Units Work in Process    Beginning inventory, April 1  8,000  Added to production 45,000  Completed and transferred out ?  Ending inventory, April 30  5,000 Ending inventory was 100% complete with respect to materials and 80% complete with respect to conversion costs. Questions: a.How many units were transferred out of Work in Process Inventory? b.What were the equivalent units of production for materials? c.What were the equivalent units of production for conversion?

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.