8.AA Inc. transferred 5,500 units to finished good inventory during June. On June 1, the company had 300 units on hand (40% complete as to both materials and conversion costs). On June 30, the company had 800 units (10% complete as to material and 20% complete as to conversion costs). Using FIFO Method, what is the equivalent units of production for June conversion costs?
8.AA Inc. transferred 5,500 units to finished good inventory during June. On June 1, the company had 300 units on hand (40% complete as to both materials and conversion costs). On June 30, the company had 800 units (10% complete as to material and 20% complete as to conversion costs). Using FIFO Method, what is the equivalent units of production for June conversion costs?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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8.AA Inc. transferred 5,500 units to finished good inventory during June. On June 1, the company had 300 units on hand (40% complete as to both materials and conversion costs). On June 30, the company had 800 units (10% complete as to material and 20% complete as to conversion costs). Using FIFO Method, what is the equivalent units of production for June conversion costs?
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