Mannassass Company manufactures chairs. The following information was given for the company: Units, beginning work in process Units started Units completed Units, ending work in process Cost of direct materials Cost of conversion 0 20,000 ? 5,000 $440,000 $64,000 Materials in the ending inventory were 100% complete, and conversion in the ending inventory was 20% complete. What are the equivalent units for materials and conversion, respectively? Oa. 20,000; 20,000 Ob. 15,000; 15,000 Oc. 20,000; 16,000 Od. 15,000; 14,000

Mannassass Company manufactures chairs. The following information was given for the company: Units, beginning work in process Units started Units completed Units, ending work in process Cost of direct materials Cost of conversion 0 20,000 ? 5,000 $440,000 $64,000 Materials in the ending inventory were 100% complete, and conversion in the ending inventory was 20% complete. What are the equivalent units for materials and conversion, respectively? Oa. 20,000; 20,000 Ob. 15,000; 15,000 Oc. 20,000; 16,000 Od. 15,000; 14,000

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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