Rodrick Corporation experienced the following during April: Beginning work-in-process inventory Units started this period Ending work-in-process inventory 7,500 units, 40% of conversion added this period 64,000 units 5,000 units, 60% of conversion added this period Materials are added at the beginning of the process and conversion occurs uniformly throughout the process. If the company uses FIFO costing, what are the equivalent units for direct materials and conversion? O66,500; 66,500 O 66,500; 72,000 O71,500; 69,500 64,000; 65,000 O None of these.

Rodrick Corporation experienced the following during April: Beginning work-in-process inventory Units started this period Ending work-in-process inventory 7,500 units, 40% of conversion added this period 64,000 units 5,000 units, 60% of conversion added this period Materials are added at the beginning of the process and conversion occurs uniformly throughout the process. If the company uses FIFO costing, what are the equivalent units for direct materials and conversion? O66,500; 66,500 O 66,500; 72,000 O71,500; 69,500 64,000; 65,000 O None of these.

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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