Pensacola Processing Company had 5,000 units of product in work-in-process inventory at the beginning of the period and started 25,000 units during the period. At the end of the period, 4,000 units remained in work in process. The ending work-in-process inventory was estimated to be 60% complete. The cost of the units in beginning work in process inventory was $24,000. During the period, $40,000 of product costs were added. Using process costing and equivalent units of production, the cost of the completed units transferred to Finished Goods is _____and the cost of the 4,000 work-in- process units at the end of the period is

Pensacola Processing Company had 5,000 units of product in work-in-process inventory at the beginning of the period and started 25,000 units during the period. At the end of the period, 4,000 units remained in work in process. The ending work-in-process inventory was estimated to be 60% complete. The cost of the units in beginning work in process inventory was $24,000. During the period, $40,000 of product costs were added. Using process costing and equivalent units of production, the cost of the completed units transferred to Finished Goods is _____and the cost of the 4,000 work-in- process units at the end of the period is

Name: Pensacola Processing Company had 5,000 units of product in work-in-pr
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Description: Pensacola Processing Company had 5,000 units of product in work-in-process inventoryat the beginning of the period and started 25,000 units during the period. At the end ofthe period, 4,000 units remained in work in process. The ending work-in-proce

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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