Elias Company has the following production data for January: Beginning Work in Process Inventory, 0 units Units completed and transferred out, 40,600 Units in ending Work in Process Inventory, 16,949 that are 30% complete for conversion costs Materials are added only at the beginning of the process. Compute equivalent units of production for materials.
Elias Company has the following production data for January: Beginning Work in Process Inventory, 0 units Units completed and transferred out, 40,600 Units in ending Work in Process Inventory, 16,949 that are 30% complete for conversion costs Materials are added only at the beginning of the process. Compute equivalent units of production for materials.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Elias Company has the following production data for January:
Beginning Work in Process Inventory, 0 units
Units completed and transferred out, 40,600
Units in ending Work in Process Inventory, 16,949 that are 30% complete for conversion costs
Materials are added only at the beginning of the process.
Compute equivalent units of production for materials.
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