Ending WIP inventory has 100 units that are 80% complete for direct materials and 30% complete...
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Ending WIP inventory has 100 units that are 80% complete for direct materials and 30% complete for conversion costs. For calculating weighted-average costs per equivalent unit, which of the following statements is true? The denominator would include 80 units for direct materials and 30 for conversion The denominator would include 20 units for direct materials and 70 for conversion You cannot determine what constitutes the denominator The denominator would include 100 units for both. Ending WIP inventory has 100 units that are 80% complete for direct materials and 30% complete for conversion costs. For calculating weighted-average costs per equivalent unit, which of the following statements is true? The denominator would include 80 units for direct materials and 30 for conversion The denominator would include 20 units for direct materials and 70 for conversion You cannot determine what constitutes the denominator The denominator would include 100 units for both.
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Answer rating: 100% (QA)
Solution The correct answer is B The denominator would incl... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
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