A firm uses a process costing st=ystem and inspects its goods at the end of manufacturing.the inspection as of june 30 revealed the following information for the month of june: Good units completed 24000 normal spoilage(units) 65 abnormal spoilage(units) 2000 units cost were materials $12.00 and conversion cost $9.50. the number of units that the firm would transfer its finished goods inventory and the realted cost of these units are: a) number of units? b) Cost
A firm uses a process costing st=ystem and inspects its goods at the end of manufacturing.the inspection as of june 30 revealed the following information for the month of june: Good units completed 24000 normal spoilage(units) 65 abnormal spoilage(units) 2000 units cost were materials $12.00 and conversion cost $9.50. the number of units that the firm would transfer its finished goods inventory and the realted cost of these units are: a) number of units? b) Cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A firm uses a
Good units completed 24000
normal spoilage(units) 65
abnormal spoilage(units) 2000
units cost were materials $12.00 and conversion cost $9.50. the number of units that the firm would transfer its finished goods inventory and the realted cost of these units are:
a) number of units?
b) Cost?
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