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Department X is the first stage of Sarena Solvents's production cycle. The following information is available for conversion costs for the month of December: Physical Units   Beginning work-in-process inventory (60% complete) 48,000 Started in December 533,000 Completed in December and transferred to Department Y 514,500 Ending work-in-process inventory (40% complete) 66,500 Using the FIFO method, the equivalent units for the conversion cost calculation are:   Multiple Choice 557,000. 521,000. 525,000. 539,000. None of the options are correct

Department X is the first stage of Sarena Solvents's production cycle. The following information is available for conversion costs for the month of December: Physical Units   Beginning work-in-process inventory (60% complete) 48,000 Started in December 533,000 Completed in December and transferred to Department Y 514,500 Ending work-in-process inventory (40% complete) 66,500 Using the FIFO method, the equivalent units for the conversion cost calculation are:   Multiple Choice 557,000. 521,000. 525,000. 539,000. None of the options are correct

FINANCIAL ACCOUNTING
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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Department X is the first stage of Sarena Solvents's production cycle. The following information is available for conversion costs for the month of December:


Physical Units		  
Beginning work-in-process inventory (60% complete) 48,000
Started in December 533,000
Completed in December and transferred to Department Y 514,500
Ending work-in-process inventory (40% complete) 66,500

Using the FIFO method, the equivalent units for the conversion cost calculation are:

 

Multiple Choice

557,000.

521,000.

525,000.

539,000.

None of the options are correct

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