The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (38% completed) 4,900 units Completed units during June 62,600 units Ending inventory (58% complete) 4,300 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process, is Oa. 62,000 units Ob. 66,900 units Oc. 4,300 units Od. 57,700 units

The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (38% completed) 4,900 units Completed units during June 62,600 units Ending inventory (58% complete) 4,300 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process, is Oa. 62,000 units Ob. 66,900 units Oc. 4,300 units Od. 57,700 units

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Description: The following production data were taken from the records of the FinishingDepartment for June:Inventory in process, June 1 (38% completed)4,900 unitsCompleted units during June62,600 unitsEnding inventory (58% complete)4,300 unitsThe number of mater

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 9EA: Using the weighted-average method, compute the equivalent units of production if the beginning...

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