In process A, the opening stock was 1,000 units. 4,000 units were introduced during the process. 4,500 units were completed and 500 units were remained in the process as work in progress. The completion for units remained in process is 70% complete for material and 40% for labour. If average method is used for preparation of process account, the equivalent units for closing work in progress for material and labour will be: a. 500 units for material and 600 units for labour b. 300 units for material and 200 units for labour c. 350 units for material and 300 units for labour d. 350 units for material and 200 units for labour

In process A, the opening stock was 1,000 units. 4,000 units were introduced during the process. 4,500 units were completed and 500 units were remained in the process as work in progress. The completion for units remained in process is 70% complete for material and 40% for labour. If average method is used for preparation of process account, the equivalent units for closing work in progress for material and labour will be: a. 500 units for material and 600 units for labour b. 300 units for material and 200 units for labour c. 350 units for material and 300 units for labour d. 350 units for material and 200 units for labour

Name: In process A, the opening stock was 1,000 units. 4,000 unitswere intr
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Description: In process A, the opening stock was 1,000 units. 4,000 unitswere introduced during the process. 4,500 units werecompleted and 500 units were remained in the process aswork in progress. The completion for units remained in processis 70% complete for

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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