Chapter 9: A Closer look on Cost AccountingChapter 9: A Closer look on Cost Accounting45. The EUP is 57,000 units. The beginning inventory units were 5,000 units,40% incomplete while the ending inventory is 10,000 units, 80%incomplete. What is the total number of units completed and transferredusing Weighted Average method?а. 58,000b. 54,000с. 55,000d. 47,000Using Weighted Average method, what is the total number of units startedin processа. 58,000b. 60,000c. 57,000d. 63,000Using FIFO method, what are the total number units completed andtransferred?a. 52,000b. 58,000с. 55,000d. 47,000Using FIFO the total number of units started in process is:а. 63,000b. 68,000с. 60,000d. 57,000

FIFO means the first in first in which the degree of opening work in progress will be considered and…

Chapter 9: A Closer look on Cost Accounting 15. The EUP is 57,000 units. The beginning inventory units were 5,000 units, 40% incomplete while the ending inventory is 10,000 units, 80% incomplete. What is the total number of units completed and transferred using Weighted Average method? a. 58,000 b. 54,000 c. 55,000 d. 47,000 Using Weighted Average method, what is the total number of units started in process a. 58,000 b. 60,000 c. 57,000 d. 63,000 Using FIFO method, what are the total number units completed and transferred? a. 52,000 b. 58,000 c. 55,000 d. 47,000

Chapter 9: A Closer look on Cost Accounting 15. The EUP is 57,000 units. The beginning inventory units were 5,000 units, 40% incomplete while the ending inventory is 10,000 units, 80% incomplete. What is the total number of units completed and transferred using Weighted Average method? a. 58,000 b. 54,000 c. 55,000 d. 47,000 Using Weighted Average method, what is the total number of units started in process a. 58,000 b. 60,000 c. 57,000 d. 63,000 Using FIFO method, what are the total number units completed and transferred? a. 52,000 b. 58,000 c. 55,000 d. 47,000

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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A company has 1,300 units in ending work in process that are 30% complete after transferring out 12,000 units. All materials are added at the beginning of the process. If the cost per unit is $3 for materials and $6 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method? Cost of units transferred out $fill in the blank 1 Ending work in process inventory $fill in the blank 2
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