In April, Smith Company had the following results: Production: Units in process, April 1, 60% complete Units completed and transferred out Units in process, April 31, 40% complete Costs: Work in process, April 1 Costs added during April Determine the equivalent units using the first-in, first-out costing method assuming costs are added uniformly. O a. 119,400 equivalent units b. 96,600 equivalent units O c. 103,000 equivalent units O d. 128,800 equivalent units 38,000 units 103,000 units 41,000 units $5,300 $43,000

In April, Smith Company had the following results: Production: Units in process, April 1, 60% complete Units completed and transferred out Units in process, April 31, 40% complete Costs: Work in process, April 1 Costs added during April Determine the equivalent units using the first-in, first-out costing method assuming costs are added uniformly. O a. 119,400 equivalent units b. 96,600 equivalent units O c. 103,000 equivalent units O d. 128,800 equivalent units 38,000 units 103,000 units 41,000 units $5,300 $43,000

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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