The Nichols Company uses the weighted-average method in its process costing system. The company recorded 29,500 equipment
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The Nichols Company uses the weighted-average method in its process costing system. The company recorded 29,500 equipment units for conservation costs for November in a particular department. There were 6,000 units in the ending work in process inventory on November 30, 75% complete with respect to conservation costs. The November 1 work in process inventory consisted of 8,000 units, 50% complete with respect to conservation costs. A total of 25,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was:
A. 23,000 units
B. 24,500 units
C. 27,000 units
D. 21,000 units
Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
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