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Mannassass Company manufactures chairs. The following information was given for the company: units, beginning work in process units started 20,000 units completed units, ending work in process 5,000 cost of direct materials $440,000 cost of conversion $ 64,000 Materials in the ending inventory were 100 percent complete and conversion in the ending inventory was 20 complete. percent What are the equivalent units for materials and conversion respectively? O none of the above O 20,000; 20,000 O 15,000; 14,000 O 20,000; 16,000 O 15,000, 15,000

Mannassass Company manufactures chairs. The following information was given for the company: units, beginning work in process units started 20,000 units completed units, ending work in process 5,000 cost of direct materials $440,000 cost of conversion $ 64,000 Materials in the ending inventory were 100 percent complete and conversion in the ending inventory was 20 complete. percent What are the equivalent units for materials and conversion respectively? O none of the above O 20,000; 20,000 O 15,000; 14,000 O 20,000; 16,000 O 15,000, 15,000

FINANCIAL ACCOUNTING
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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Mannassass Company manufactures chairs. The following information was given for the company: units, beginning work in process on units started 20,000 es) units completed units, ending work in process 5,000 gate cost of direct materials $440,000 brarian Center cost of conversion $ 64,000 HD Materials in the ending inventory were 100 percent complete and conversion in the ending inventory was 20 percent complete. What are the equivalent units for materials and conversion respectively? O none of the above O 20,000; 20,000 O 15,000; 14,000 O 20,000; 16,000 O 15,000, 15,000
Transcribed Image Text:Mannassass Company manufactures chairs. The following information was given for the company: units, beginning work in process on units started 20,000 es) units completed units, ending work in process 5,000 gate cost of direct materials $440,000 brarian Center cost of conversion $ 64,000 HD Materials in the ending inventory were 100 percent complete and conversion in the ending inventory was 20 percent complete. What are the equivalent units for materials and conversion respectively? O none of the above O 20,000; 20,000 O 15,000; 14,000 O 20,000; 16,000 O 15,000, 15,000
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