ABS Manufacturing had the following production for the month of July: Units 10,000 40,000 33,000 2,000 15,000 Work in process at July 1 Started during July Completed and transferred to finished goods Abnormal spoilage incurred Work in process at July 31 Materials are added at the beginning of the process. As to conversion cost, the beginning work in process was 70% completed while ending work in process is 40% completed. Spoilage is detected at the end of the process. Using the weighted average method, how many were the equivalent units for July for conyersion cost?

ABS Manufacturing had the following production for the month of July: Units 10,000 40,000 33,000 2,000 15,000 Work in process at July 1 Started during July Completed and transferred to finished goods Abnormal spoilage incurred Work in process at July 31 Materials are added at the beginning of the process. As to conversion cost, the beginning work in process was 70% completed while ending work in process is 40% completed. Spoilage is detected at the end of the process. Using the weighted average method, how many were the equivalent units for July for conyersion cost?

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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what is the net operating income for the month under variable costing?