Hollywood North Magic, a cosmetic manufacturer, began operations in January. During the first month of operations, $60,000
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Question:
Hollywood North Magic, a cosmetic manufacturer, began operations in January. During the first month of operations, $60,000 was incurred for direct materials and $80,000 was incurred for conversion costs. During January, 30,000 litres of cosmetics were started and 6,000 litres were unfinished at the end of the month. Ending work-in-process was 45% completed. All inputs are added evenly throughout the production process.
Calculate the equivalent units for conversion costs in January using the FIFO method.
Question 4 options:
24,000 litres | |
26,700 litres | |
30,000 litres | |
36,000 litres |
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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