At the beginning of the month, the Forming Department of Martin Manufacturing had 27,000 units in inventory, 40% complete as to materials, and 20% complete as to conversion. During the month the department started 94,000 units and transferred 96,000 units to th next manufacturing department. At the end of the month, the department had 25,000 units in inventory, 80% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses the FIFO method of proce costing, compute the equivalent units for materials and conversion respectively for the Forming Department. Multiple Choice a. 116,000 materials; 111,000 conversion. b. 89,000 materials; 84,000 conversion. c. 88,600 materials; 99,400 conversion. d. 105,200 materials; 111,000 conversion. e. 105,200 materials; 105,600 conversion.

At the beginning of the month, the Forming Department of Martin Manufacturing had 27,000 units in inventory, 40% complete as to materials, and 20% complete as to conversion. During the month the department started 94,000 units and transferred 96,000 units to th next manufacturing department. At the end of the month, the department had 25,000 units in inventory, 80% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses the FIFO method of proce costing, compute the equivalent units for materials and conversion respectively for the Forming Department. Multiple Choice a. 116,000 materials; 111,000 conversion. b. 89,000 materials; 84,000 conversion. c. 88,600 materials; 99,400 conversion. d. 105,200 materials; 111,000 conversion. e. 105,200 materials; 105,600 conversion.

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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