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Sury Company reported the following information for the month of April: Work in ProcessUnits Beginning inventory, April.......1 8,000 Added to

Question:

Sury Company reported the following information for the month of April:

Work in ProcessUnits

Beginning inventory, April.......1 8,000

Added to production...........45,000

Completed and transferred out...... ?

Ending inventory, April........ 30 5,000

Ending inventory was 100% complete with respect to materials and 80% complete with respect to conversion costs.


Required

a. How many units were transferred out of Work in Process Inventory?

b. What were the equivalent units of production for materials?

c. What were the equivalent units of production for conversion?


Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula                Ending Inventory Formula =...

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a Units Beginning Inventory April 1 8 000 Added to production 45 000 Completed …View the full answer


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Managerial Accounting

Managerial Accounting

ISBN: 978-1118338445

2nd edition

Authors: Charles E. Davis, Elizabeth Davis

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Question Posted: February 21, 2014 04:30:19
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