The Finishing Department had 5,100 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as tomaterials and 40 % complete as to conversion costs. 15,200 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,100 units which were 50% complete as to materials and 40% complete as to conversion costs. TheFinishing Department uses first-in, first-out (FIFO) process costing.What are the equivalent units of production for materials during the period?Multiple Choice13,100.15,200.14,150.12,200. Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The followinginformation pertains to operations for November. (CMA Exam adapted)Work in process, November 1stStarted in production during NovemberWork in process, November 30thUnits16,300103,00024,300The beginning inventory was 70% complete as to materials and 10% complete as to conversion costs. The ending inventory was 80%complete as to materials and 30% complete as to conversion costs.Costs pertaining to November are as follows:Beginning inventory: direct materials, $54,860; direct labor, $20,620; manufacturing overhead, $15,540.Costs incurred during the month: direct materials, $471,000; direct labor, $185,880; manufacturing overhead, $394,160.What are the total costs in the ending Work-in-Process Inventory assuming Bentley uses weighted-average process costing?

Name: The Finishing Department had 5,100 incomplete units in its beginning
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Description: The Finishing Department had 5,100 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as tomaterials and 40 % complete as to conversion costs. 15,200 units were received from the previous department. The ending Work

Equivalent units represent the measure of partially completed units in a production process,…

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The Finishing Department had 5,100 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 40% complete as to conversion costs. 15,200 units were received from the previous department. The ending Work-in- Process Inventory consisted of 2,100 units which were 50% complete as to materials and 40% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. What are the equivalent units of production for materials during the period? Multiple Choice 13,100. 15,200. 14,150. TOMER CAR 12,200.

The Finishing Department had 5,100 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 40% complete as to conversion costs. 15,200 units were received from the previous department. The ending Work-in- Process Inventory consisted of 2,100 units which were 50% complete as to materials and 40% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. What are the equivalent units of production for materials during the period? Multiple Choice 13,100. 15,200. 14,150. TOMER CAR 12,200.

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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