3. Manny Pacsiw Company computed the flow of physical units completed for Department M for the month of March 2021 as follows: UNITS COMPLETED: From Work-In-Process on March 1, 2021 From March production 15,000 45,000 Materials are added at the beginning of process. The 12,000 units of work in process at March 31, 2021 were 80% complete as to conversion costs. The work-in-process at March 1, 2021 was 80% complete as to conversion costs. REQUIRED: Using the FIFO Method, the equivalent units for March conversion costs were: 55,200 57,000 c. 60,600 d. 63,600 а. b.

3. Manny Pacsiw Company computed the flow of physical units completed for Department M for the month of March 2021 as follows: UNITS COMPLETED: From Work-In-Process on March 1, 2021 From March production 15,000 45,000 Materials are added at the beginning of process. The 12,000 units of work in process at March 31, 2021 were 80% complete as to conversion costs. The work-in-process at March 1, 2021 was 80% complete as to conversion costs. REQUIRED: Using the FIFO Method, the equivalent units for March conversion costs were: 55,200 57,000 c. 60,600 d. 63,600 а. b.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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