Primo Products transferred 15,000 units to one department. An additional 5,000 units were in beginning inventory in the department. At the end of the month, 12,000 units were transferred to the next department, 6,000 units remained in work in process, 40% complete as to conversion costs and the remaining units were lost at the 75% stage of conversion. Beginning inventory was 60% complete as to conversion costs and lost units were the result of internal failure. The equivalent units of conversion cost using fifo costing is: 14,400 12,900 13,900 13,400

Primo Products transferred 15,000 units to one department. An additional 5,000 units were in beginning inventory in the department. At the end of the month, 12,000 units were transferred to the next department, 6,000 units remained in work in process, 40% complete as to conversion costs and the remaining units were lost at the 75% stage of conversion. Beginning inventory was 60% complete as to conversion costs and lost units were the result of internal failure. The equivalent units of conversion cost using fifo costing is: 14,400 12,900 13,900 13,400

Name: Primo Products transferred 15,000 units to one department. An additio
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Description: Primo Products transferred 15,000 units to one department. An additional 5,000units were in beginning inventory in the department. At the end of the month,12,000 units were transferred to the next department, 6,000 units remained inwork in process,

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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