Question 5 Golden company just finished its second month of operations. Golden mass-produces integrated circuits. The following production information is provided for December: Units in process, December 1, 80% complete Units completed and transferred out Units in process, December 31, 60% complete 160,000 760,000 120,000 Required: Prepare a physical flow schedule.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 5
Golden company just finished its second month of operations. Golden mass-produces
integrated circuits. The following production information is provided for December:
Units in process, December 1, 80% complete
Units completed and transferred out
Units in process, December 31, 60% complete
160,000
760,000
120,000
Required:
Prepare a physical flow schedule.
Transcribed Image Text:Question 5 Golden company just finished its second month of operations. Golden mass-produces integrated circuits. The following production information is provided for December: Units in process, December 1, 80% complete Units completed and transferred out Units in process, December 31, 60% complete 160,000 760,000 120,000 Required: Prepare a physical flow schedule.
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