A firm had 600 units in its work in process inventory at the beginning of a month.

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Of these units, 30 percent were complete with respect to labor, materials, and overhead.

The firm transferred 5,000 units to the finished goods inventory during the month. It had 500 units of which 40 percent were complete and still in process at the end of the month. Equivalent production for the month was

a)5,680 units

b)5,380 units

c)5,200 units

d)5,180 units

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 24, 2011 06:33 AM

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A firm had 600 units in its work in process inventory at the beginning of a month.

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Computation of the Equivalent production f...View the full answer

Fundamental accounting principle

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