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Q2 PS3. Department II of Charity Manufacturing Company presents the following production data for the month of May 2011: Opening inventory, 3/8 completed.. Started in process.. Transferred. 4,000 units 13,000 units 9,000 units Closing inventory, % completed... % completed.. 4,000 units 4,000 units What are the equivalent units of production for the month of May 2011? a. FIFO Method - 12,500 units b. FIFO Method - 17,000 units c. FIFO Method - 12,500 units d. FIFO Method - 15,000 units Average Method - 13,000 units Average Method - 12,500 units Average Method - 14,000 units Average Method - 14,000 units O a. FIFO Method - 17,000 units Average Method - 12,500 units O b. FIFO Method - 12,500 units Average Method - 13,000 units O c. FIFO Method - 12,500 units Average Method - 14,000 units O d. FIFO Method - 15,000 units Average Method - 14,000 units

Q2 PS3. Department II of Charity Manufacturing Company presents the following production data for the month of May 2011: Opening inventory, 3/8 completed.. Started in process.. Transferred. 4,000 units 13,000 units 9,000 units Closing inventory, % completed... % completed.. 4,000 units 4,000 units What are the equivalent units of production for the month of May 2011? a. FIFO Method - 12,500 units b. FIFO Method - 17,000 units c. FIFO Method - 12,500 units d. FIFO Method - 15,000 units Average Method - 13,000 units Average Method - 12,500 units Average Method - 14,000 units Average Method - 14,000 units O a. FIFO Method - 17,000 units Average Method - 12,500 units O b. FIFO Method - 12,500 units Average Method - 13,000 units O c. FIFO Method - 12,500 units Average Method - 14,000 units O d. FIFO Method - 15,000 units Average Method - 14,000 units

FINANCIAL ACCOUNTING
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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Q2 PS3. Department II of Charity Manufacturing Company presents the following production data for the month of May 2011: Opening inventory, 3/8 completed. Started in proces. 4,000 units 13,000 units 9,000 units Transferred.. Closing inventory, % completed.. % completed.. 4,000 units 4,000 units What are the equivalent units of production for the month of May 2011? a. FIFO Method - 12,500 units b. FIFO Method - 17,000 units c. FIFO Method - 12,500 units d. FIFO Method - 15,000 units Average Method - 13,000 units Average Method - 12,500 units Average Method - 14,000 units Average Method - 14,000 units O a. FIFO Method - 17,000 units Average Method - 12,500 units O b. FIFO Method - 12,500 units Average Method - 13,000 units FIFO Method - 12,500 units Average Method - 14,000 units O d. FIFO Method - 15,000 units Average Method - 14,000 units
Transcribed Image Text:Q2 PS3. Department II of Charity Manufacturing Company presents the following production data for the month of May 2011: Opening inventory, 3/8 completed. Started in proces. 4,000 units 13,000 units 9,000 units Transferred.. Closing inventory, % completed.. % completed.. 4,000 units 4,000 units What are the equivalent units of production for the month of May 2011? a. FIFO Method - 12,500 units b. FIFO Method - 17,000 units c. FIFO Method - 12,500 units d. FIFO Method - 15,000 units Average Method - 13,000 units Average Method - 12,500 units Average Method - 14,000 units Average Method - 14,000 units O a. FIFO Method - 17,000 units Average Method - 12,500 units O b. FIFO Method - 12,500 units Average Method - 13,000 units FIFO Method - 12,500 units Average Method - 14,000 units O d. FIFO Method - 15,000 units Average Method - 14,000 units
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