Mickey Mouse Company had zero units in its Work in Process Inventory. During the period it completed and transferred out 35,000 units and there were 5,000 units left in work in process inventory. The ending work in process inventory was 100 % complete in materials and 40% complete as to conversion cost. How many units were in production during the period?
Mickey Mouse Company had zero units in its Work in Process Inventory. During the period it completed and transferred out 35,000 units and there were 5,000 units left in work in process inventory. The ending work in process inventory was 100 % complete in materials and 40% complete as to conversion cost. How many units were in production during the period?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mickey Mouse Company had zero units in its Work in Process Inventory. During the period it completed and transferred out 35,000 units and there were 5,000 units left in work in process inventory. The ending work in process inventory was 100 % complete in materials and 40% complete as to conversion cost.
How many units were in production during the period?
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