Department A had 5,000 units in work in process that were 60% completed as to labor and overhead at the beginning of the period; 34,000 units of direct materials were added during the period; 31,000 units were completed during the period, and 2,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was: a. 32,400 b. 34,000 c. 32,400 d. 29,600
Department A had 5,000 units in work in process that were 60% completed as to labor and overhead at the beginning of the period; 34,000 units of direct materials were added during the period; 31,000 units were completed during the period, and 2,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was: a. 32,400 b. 34,000 c. 32,400 d. 29,600
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Answer provide with calculation
![Department A had 5,000 units in work in process that were 60%
completed as to labor and overhead at the beginning of the
period; 34,000 units of direct materials were added during the
period; 31,000 units were completed during the period, and 2,000
units were 80% completed as to labor and overhead at the end of
the period. All materials are added at the beginning of the
process. The first-in, first-out method is used to cost inventories.
The number of equivalent units of production for conversion
costs for the period was:
a. 32,400
b. 34,000
c. 32,400
d. 29,600](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F77791045-83bb-4e98-af0c-bd010d0105e0%2F309e7413-695d-4066-bc48-16bf66d0c2af%2F1jrpy29_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Department A had 5,000 units in work in process that were 60%
completed as to labor and overhead at the beginning of the
period; 34,000 units of direct materials were added during the
period; 31,000 units were completed during the period, and 2,000
units were 80% completed as to labor and overhead at the end of
the period. All materials are added at the beginning of the
process. The first-in, first-out method is used to cost inventories.
The number of equivalent units of production for conversion
costs for the period was:
a. 32,400
b. 34,000
c. 32,400
d. 29,600
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