Key Company uses the FIFO method in its process costing system. Operating data for the Enameling Department for the month of May appear below: Units Percentage complete Beginning work in process inventory 2 400 40% Transferred in from the previous department during May 87 000 Transferred to the next department 80 800 Ending work in process inventory ? 60% No losses occurred during the month. Calculate the equivalent units of production for conversion costs in the Enameling Department for May. A. 85 000 B. 85 960 C. 80 800 D. 93 200
Key Company uses the FIFO method in its process costing system. Operating data for the Enameling Department for the month of May appear below: Units Percentage complete Beginning work in process inventory 2 400 40% Transferred in from the previous department during May 87 000 Transferred to the next department 80 800 Ending work in process inventory ? 60% No losses occurred during the month. Calculate the equivalent units of production for conversion costs in the Enameling Department for May. A. 85 000 B. 85 960 C. 80 800 D. 93 200
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Key Company uses the FIFO method in its
|
|
Units |
Percentage complete |
|
Beginning work in process inventory |
2 400 |
40% |
|
Transferred in from the previous department during May |
87 000 |
|
|
Transferred to the next department |
80 800 |
|
|
Ending work in process inventory |
? |
60% |
No losses occurred during the month.
Calculate the equivalent units of production for conversion costs in the Enameling Department for May.
| A. |
85 000 |
|
| B. |
85 960 |
|
| C. |
80 800
|
|
| D. |
93 200 |
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