Sury Company reported the following information for the month of April: Work in ProcessUnits Beginning inventory, April.......1
Question:
Sury Company reported the following information for the month of April:
Work in ProcessUnits
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.
Required
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?
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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