Mannassass Company manufactures chairs. The following information was given for the company: Units, beginning work in process 0 Units started 20,000 Units completed ? Units, ending work in process 6,000 Cost of direct materials $440,000 Cost of conversion $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? a. 20,000; 20,000 b. 21,000; 15,500 c. 20,000; 16,000 d. 20,000; 16,200
Mannassass Company manufactures chairs. The following information was given for the company: Units, beginning work in process 0 Units started 20,000 Units completed ? Units, ending work in process 6,000 Cost of direct materials $440,000 Cost of conversion $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? a. 20,000; 20,000 b. 21,000; 15,500 c. 20,000; 16,000 d. 20,000; 16,200
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Mannassass Company manufactures chairs. The
following information was given for the
company: Units, beginning work in process 0
Units started 20,000 Units completed ? Units,
ending work in process 6,000 Cost of direct
materials $440,000 Cost of conversion $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? a. 20,000; 20,000 b. 21,000;
15,500 c. 20,000; 16,000 d. 20,000; 16,200
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