Using the following terms and following the format in the textbook, prepare the worksheet to show the calculation to answer the question: Units completed and Cost per material Cost per conversion transferred out Equivalent units conversion Beginning inventory Units started in production Total units to account for Total work in process Ending inventory Units transferred in Cost per unit conversion Costs to account for Question: How many units must be in ending inventory if beginning inventory was 15,000 units, 55,000 units were started, and 57,000 units were completed and transferred out? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Term Units

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 1EB: Given the following information, determine the equivalent units of ending work in process for...
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Using the following terms and following the format in the textbook, prepare the worksheet to show the calculation to answer the
question:
Units completed and
Cost per material
Cost per conversion
transferred out
Equivalent units conversion
Beginning inventory
Units started in production
Total units to account for
Total work in process
Ending inventory
Units transferred in
Cost per unit conversion
Costs to account for
Question: How many units must be in ending inventory if beginning inventory was 15,000 units, 55,000 units were started, and
57,000 units were completed and transferred out?
PLEASE NOTE: For units, use commas as needed (i.e. 1,234).
Term
Units
Transcribed Image Text:Using the following terms and following the format in the textbook, prepare the worksheet to show the calculation to answer the question: Units completed and Cost per material Cost per conversion transferred out Equivalent units conversion Beginning inventory Units started in production Total units to account for Total work in process Ending inventory Units transferred in Cost per unit conversion Costs to account for Question: How many units must be in ending inventory if beginning inventory was 15,000 units, 55,000 units were started, and 57,000 units were completed and transferred out? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Term Units
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