Question: 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.

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?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To determine the number of units completed and transfe... View full answer

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!

Q1-Under the weighted-average method, partially completed units in work-in-process inventory are always less than 100% complete with respect to conversion always less than 100% complete with respect...

Question 1. 1. When a job is completed and all costs have been accumulated on a job cost sheet, what is the the journal entry that should be made? (Points : 2) Debit Credit Finished goods inventory...

Materials Work in Process-Mixing Dept Work in Process-Bottling Dept Finished Goods Beg Inventory + Purchases Direct Materials End Inventory Beg Inventory Cost of Units + Direct Materials transferred...

A company had 1 0 , 0 0 0 partially completed units in beginning work - in - process inventory. This period, after the 1 0 , 0 0 0 beginning inventory units were completed, another 1 0 0 , 0 0 0...

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...

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:...

Marriott International Inc. (NASDAQ: MAR; Bethesda, MD; hereafter, "Marriott" or "the Company") is a worldwide operator, franchisor, and licensor of hotels and timeshare properties under numerous...

Describe how the job of your professor could be redesigned. Include a discussion of other subsystems that would need to be changed as a result.

Select all that apply Which of the following conversations may make understanding difficult for participants? conversations between married couples technical conversations conversations in foreign...

Why dont you need to declare that your method might throw an IndexOutOfBoundsException?

How well does the number of beers a person drinks predict his or her blood alcohol content (BAC)? Sixteen volunteers aged 21 or older with an initial BAC of 0 took part in a study to find out. Each...

Use the same information as in (8). What liability balance will Webster report on its government-wide financial statements on December 31, 2020? a. $463,048 b. $487,419 c. $511,790 d. $517,419 Data...

The current legal system allows both proprietary software and open-source software to be distributed. What are the pros and cons of maintaining the status quo?

A 2000-turn solenoid is 2.0 m long and 15 cm in diameter. The solenoid current is increasing at 1.0 kA/s. (a) Find the current in a 10-cm-diameter wire loop with resistance 5.0 lying inside the...

6 Theory of Machines 5. A shaft carries five masses A, B, C, D and E which revolve at the same radius in planes which are equidistant from one another. The magnitude of the masses in planes A, C and...

1. Suppose you invest a sum of $2,500 in an account bearing interest at the rate of 14% per year. What will the investment be worth six years from now? 2. How much would you need to invest now to be...

Top managers of Manion Industries predicted the following years sales of 145,000 units of its product at a unit price of $8. Actual sales for the year were 140,000 units at $9.50 each. Variable...

Refer to the Groovy Bottles Data Set in E10-53B. In Exercise Groovy Bottles is a manufacturer of ceramic bottles. The company has the following standards: Direct materials...

71 Consider the experiment defined by the accompanying Venn diagram, with the sample space S containing five sample points. The sample points are assigned the following probabilities: P(E12 = .1,...

The Federal Trade Commissions investigation of consumer product complaints has generated much interest on the part of manufacturers in the quality of their products. A manufacturer of an...

Many medical researchers have conducted experiments to examine the relationship between cigarette smoking and cancer. Consider an individual randomly selected from the adult male population. Let A...