Question: If Opening WIP 10,000 Units, 80% complete as regards materials and 60% complete as regards overheads. Units introduced 20,000 and 18000 completed during the year.

If Opening WIP 10,000 Units, 80% complete as regards materials and

If Opening WIP 10,000 Units, 80% complete as regards materials and 60% complete as regards overheads. Units introduced 20,000 and 18000 completed during the year. Closing WIP 12000 units that are 90% complete. What should be the number of equivalent material units under FIFO method? 21600 20500 20800 only answer needed 22000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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!

Smiths Family Fashions implemented a balanced scorecard performance measurement system several years ago. Smiths is a locally owned clothing retailer with fashions for men, women, teens, and...

Opening Work-in-progress 10,000 units, 80% complete as regards material and 60% complete as regards labour and overheads. Units introduced during the year is 20,000 units. During the current period...

2. The following information applies to Barcelona FC Ltd Work in process inventory, beginning of the year $ 9 000 Manufacturing overhead applied during the year $ 20 000 Work in process inventory,...

5.6. During the month of May, the grinding department produced and transferred out 2300 units. EWIP had 500 units, 40 per cent complete. There was no BWIP. The equivalent units of output for May are...

I need a solution in an hour at most. You can skip explaining in detail because it is an exam Olga LLP manufactures a toothpaste. It takes several processes for product completion. The following...

Tottenham Hotspur Ltd FC makes a product called 'only hope'. Direct materials are added at the beginning of the process and conversion activity occurs uniformly throughout the process. For May,...

A company manufactures a single product using a process costing system. The following information relates to the month of July 2018: 1 July 2018: N$ Work in progress: Material 15 000 units (100%...

Opening Work-in-progress 10,000 units,80% complete as regards material and 60% complete as regards labour and overheads. Units introduced during the year is 20,000 units. During the current period...

Please assist with my cost and management accounting assignment. I am doing distant learning and do not attend lectures. I don't understand the formulas. CMA1112/2017/2/A Cost and Management...

r10 period In the illustrations given so for any process loss or wastage has not been considered. But loss during the course of production is generally phenomenal and hence a normal percentage of...

What is product versus product positioning?

Genuine Accessories Inc. is a wholesaler of automobile and truck accessories. Genuine Accessories began operations in November of the current year and engaged in the following transactions during...

48. Present Value and Break-Even Interest (LO1) Consider a firm with a contract to sell an asset for $145,000 four years from now. The asset costs $81,000 to produce today. Given a relevant discount...

Upland Company borrowed $40,000 on November 1, 2012, by signing a $40,000, 9%, 3-month note. Prepare Uplands November 1, 2012, entry; the December 31, 2012, annual adjusting entry; and the February...

I-Generation Co. sold 14,000 annual subscriptions of Climbers World for $60 during December 2010. These new subscribers will receive monthly issues, beginning in January 2011. In addition, the...

Revenue and expense data for Rogan Technologies Co. are as follows: (a) Prepare an income statement in comparative form, stating each item for both 2010 and 2009 as a percent of sales. Round to one...

DepreciationStrike, Units-of-Production, Obsolescence Presented below and are three different and unrelated situations involving depreciation accounting. Answer the question(s) at the end of each...

An equimolar liquid mixture of benzene and toluene is separated into two product streams by distillation. A process flowchart and a somewhat oversimplified description of what happens in the process...

What are the two functions of a brand? Group of answer choices identify and differentiate locate and determine compete and improve market and recruit

Formulate strategies and recommendations for action on HRM issues.

What challenges and opportunities does running a business on six continents impose for training and development within Marel?

Develop analytical skills to examine mergers and acquisitions in a global company.