Question: A company had 5,000 partially completed units in beginning work-in-process inventory. This period, after the 5,000 beginning inventory units were completed, another 35,000 units were

A company had 5,000 partially completed units in beginning work-in-process inventory. This period, after the 5,000 beginning inventory units were completed, another 35,000 units were started. At the end of the period, 7,000 units were in ending work-in-process inventory. How many units were completed and transferred out during this period? O 23,000 Correct 33,000 37,000 O 40,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

company had 5,000 partially completed units in beginning work-in-process inventory. This period, after the 5,000 beginning inventory units were completed, another 35,000 units were started. At the...

A company had 15,500 partially completed units in beginning work-in-process inventory. This period, after the 15,500 beginning inventory units were completed, another 34,000 units were started....

Chapter 20-Practice Test C For ABC Company, there were 225 partially assembled units in beginning work-in-process inventory, complete with respect to materials and estimated to be 60% complete with...

Questions 16-30 Consider the following two activities: (1) performing warranty work, cost: $60,000. The warranty cost of the most efficient competitor is $10,000. (2) Purchasing components, cost:...

Axis Ltd uses process costing. The following information was available for the current year: Number of units in beginning work-in-process inventory 4000 (30% complete) Number of units started in the...

please use FIFO method instead of wighted Avergae Method. 19-39 Weighted average method, inspection at 80% completion. [Excel template) (LO 3) Ottawa Manufacturing is a furniture manufacturer with...

Chapter 18 Excel Template revi23 (1) - Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do Cut Calibri - 12 - AA ab Wrap Text Copy General Format Painter BIU - - BA- E...

Each separate response must have approximately 200 words. Assignments vary widely; however, essays should be written in APA style, with in-text citations and a separate reference listing as...

Current assets for Clarke Inc. totalled $ 1,000,000, the current ratio was 2.0, and the company uses the periodic inventory method. Assume that the following transactions were completed: (1) Sold $...

It was claimed that 1 out of 5 cardiologists takes an aspirin a day to prevent hardening of the arteries. Suppose the claim is true. If 1,500 cardiologists are selected at random, what is the...

How can companies predict cash flow when investing is stocks?

CT Corp Comprehensive Question Canadian Tire Corporation, Limited (Canadian Tire) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

3-13 Use the value chain and competitive forces models to evaluate the impact of the Internet on book publishers and book retail stores such as Barnes & Noble. Borders Group (including many former...

3-14 How did Barnes and Noble change its business model to deal with the Internet and e-book technology? Borders Group (including many former Waldenbooks rebranded as Borders Express) liquidated its...

3-10 In this exercise, you will use database software to analyze the reservation transactions for a hotel and use that information to fine-tune the hotels business strategy and marketing activities....