Orion Systems Inc. had 3,000 units in work in process that were 40% complete as to labor and overhead at the beginning of the period. 25,000 units were completed and transferred out during the period. 5,000 units were started but not completed - they were 70% complete as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The FIFO method is used for inventory costing. The number of equivalent units of production with respect to materials for the period was: a. 30,000 b. 27,000 c. 28,000 d. 25,000

Orion Systems Inc. had 3,000 units in work in process that were 40% complete as to labor and overhead at the beginning of the period. 25,000 units were completed and transferred out during the period. 5,000 units were started but not completed - they were 70% complete as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The FIFO method is used for inventory costing. The number of equivalent units of production with respect to materials for the period was: a. 30,000 b. 27,000 c. 28,000 d. 25,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 4EA: There were 1,700 units in beginning inventory that were 40% complete with regard to conversion....

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