Norton Textile Co. manufactures a variety of fabrics. All materials are introduced at the beginning of production; conversion cost is incurred evenly through manufacturing. The Weaving Department had 2,500 units of work in process on April 1 that were 20% complete as to conversion costs. During April, 7,000 units were completed and on April 30, 3,000 units remained in production, 60% complete with respect to conversion costs.   The equivalent units of direct materials for April total:

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Norton Textile Co. manufactures a variety of fabrics. All materials are introduced at the beginning of production; conversion cost is incurred evenly through manufacturing. The Weaving Department had 2,500 units of work in process on April 1 that were 20% complete as to conversion costs. During April, 7,000 units were completed and on April 30, 3,000 units remained in production, 60% complete with respect to conversion costs.

 

The equivalent units of direct materials for April total:

 

Multiple Choice
  •  
    7,000.
  •  
    10,000.
  •  
    12,500.
  •  
    12,000.
  •  
    10,500.
Expert Solution
INTRODUCTION

EQUIVALENT UNITS DESCRIBES HOW MUCH WORK HAS BEEN DONE ON A CERTAIN NUMBER OF PHYSICAL ITEMS . 

 

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