1 Jallualy, 7 398 CUiplele with Fespect to conversion costs. Total number of equivalent units in respect to conversion cost: A. 40,000 units B. 38,000 units C. 35,000 units D. 30,000 units

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Solve this question with steps. The subject is Managerial Accounting.
7. The Qabool Company uses the weighted average method in its process costing
system. The company recorded 15,000 units for conversion costs on 1st January in a
department, 20% complete with respect to conversion costs. During the month,
25,000 units were provided to the department to work on. There were 8,000 units
work in process inventory by the end of January, 75% complete with respect to
conversion costs. Total number of equivalent units in respect to conversion cost:
A. 40,000 units
B. 38,000 units
C. 35,000 units
D. 30,000 units
Transcribed Image Text:7. The Qabool Company uses the weighted average method in its process costing system. The company recorded 15,000 units for conversion costs on 1st January in a department, 20% complete with respect to conversion costs. During the month, 25,000 units were provided to the department to work on. There were 8,000 units work in process inventory by the end of January, 75% complete with respect to conversion costs. Total number of equivalent units in respect to conversion cost: A. 40,000 units B. 38,000 units C. 35,000 units D. 30,000 units
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