Question: ABC Inc. uses a process costing system. All materials are added at the start of the production process. Direct labor and overhead are added

ABC Inc. uses a process costing system. All materials are added at

ABC Inc. uses a process costing system. All materials are added at the start of the production process. Direct labor and overhead are added at the same rate all throughout the process. ABC's records show the following data for October 2020. Beginning inventory (70% complete as to conversion) Started during October Completed during October Ending inventory for October is 40% complete as to conversion Compute for the following: 1. Total units to account for 360,000 units 510,000 units 780,000 units 2. Ending inventory in units 3. Total units started and completed 4. EP under Weighted Average (DM and Conversion Cost) 5. EP under FIFO (DM and Conversion Cost)

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