n April, Smith Company had the following results:Production: Line Item Description Units Units in process, April 1, 50% complete 36,000 units Units completed and transferred out 110,000 units Units in process, April 31, 20% complete 39,000 units Costs: Line Item Description Amount Work in process, April 1 $5,900 Costs added during April $44,000 Determine the equivalent units using the first-in, first-out costing method assuming costs are added uniformly. a. 117,800 equivalent units b. 99,800 equivalent units c. 110,000 equivalent units d. 131,000 equivalent units

n April, Smith Company had the following results:Production: Line Item Description Units Units in process, April 1, 50% complete 36,000 units Units completed and transferred out 110,000 units Units in process, April 31, 20% complete 39,000 units Costs: Line Item Description Amount Work in process, April 1 $5,900 Costs added during April $44,000 Determine the equivalent units using the first-in, first-out costing method assuming costs are added uniformly. a. 117,800 equivalent units b. 99,800 equivalent units c. 110,000 equivalent units d. 131,000 equivalent units

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 10E: Costs per equivalent unit Georgia Products Inc. completed and transferred 89,000 particle board...

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Line Item Description	Units
Units in process, April 1, 50% complete	36,000 units
Units completed and transferred out	110,000 units
Units in process, April 31, 20% complete	39,000 units

Line Item Description	Amount
Work in process, April 1	$5,900
Costs added during April	$44,000

Similar questions

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