M&M had the following production data for the month of July 2021: Work in process, beginning- 2,000 units Started during the period- 90,000 units Spoiled units- 8,000 units Work in Process, ending- 6,000 units Materials are added at the beginning of the process. As to conversion cost, the beginning WIP was 80% incomplete and ending Work In process was 70% completed. Spoilage is detected at the end of the process. What is the equivalent of units for July 2021 for conversion cost?
M&M had the following production data for the month of July 2021: Work in process, beginning- 2,000 units Started during the period- 90,000 units Spoiled units- 8,000 units Work in Process, ending- 6,000 units Materials are added at the beginning of the process. As to conversion cost, the beginning WIP was 80% incomplete and ending Work In process was 70% completed. Spoilage is detected at the end of the process. What is the equivalent of units for July 2021 for conversion cost?
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 12E
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M&M had the following production data for the month of July 2021:
Work in process, beginning- 2,000 units Started during the period- 90,000 units Spoiled units- 8,000 units
Work in Process, ending- 6,000 units
Materials are added at the beginning of the process. As to conversion cost, the beginning WIP was 80% incomplete and ending Work In process was 70% completed. Spoilage is detected at the end of the process. What is the equivalent of units for July 2021 for conversion cost?
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