C D E 6 The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 330% completed) Completed units during June Ending inventory (60% complete) Show answer choices (A) 68,000 units B) 76,000 units (C) 72,000 units 4,000 units What is the number of material equivalent units of production in the June 30, Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process? D 7,000 units 65,000 units 7,000 units
C D E 6 The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 330% completed) Completed units during June Ending inventory (60% complete) Show answer choices (A) 68,000 units B) 76,000 units (C) 72,000 units 4,000 units What is the number of material equivalent units of production in the June 30, Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process? D 7,000 units 65,000 units 7,000 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:C
D
The following production data were taken from the records of the Finishing Department for June:
Inventory in process, June 1 (30% completed)
Completed units during June
Ending inventory (60% complete)
Show answer choices
68,000 units
What is the number of material equivalent units of production in the June 30, Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the
process?
B 76,000 units
C) 72,000 units
(D) 7,000 units
4,000 units
Listen
65,000 units
7,000 units
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