Question: Hello everyone! How is everyone tonight?This work is from cengage 27th edition accounting. I just have a little time to study, please help me as
Hello everyone! How is everyone tonight?This work is from cengage 27th edition accounting. I just have a little time to study, please help me as soon as you can.Thank you.
The following production data were taken from the records of the Finishing Department for June:
Inventory in process, June 1, 25% completed
1,500 unitsTransferred to finished goods during June5,000 unitsEquivalent units of production during June5,200 units
Determine the number of equivalent units of production in the June 30, Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs.
a.575 units
b.1,000 units
c.200 units
d.300 units
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