Please do not give solution in image format thanku The following production data were taken from the records of the Finishing Department for June:Inventory in process, June 1, 25% completedTransferred to finished goods during JuneEquivalent units of production during JuneDetermine the number of equivalent units of production in the June 30, Finishing Department inventory, assumingthat the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to bothdirect materials and conversion costs.O a. 516b. 344O c. 645Od. 430300 units5,500 units5,855 units

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Description: Please do not give solution in image format thanku The following production data were taken from the records of the Finishing Department for June:Inventory in process, June 1, 25% completedTransferred to finished goods during JuneEquivalent units of

Equivalent units of production arises in case of process costing .There may be units still in…

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The following production data were taken from the records of the Finishing Department for June: 300 units Inventory in process, June 1, 25% completed Transferred to finished goods during June 5,500 units Equivalent units of production during June 5,855 units Determine the number of equivalent units of production in the June 30, Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs.

The following production data were taken from the records of the Finishing Department for June: 300 units Inventory in process, June 1, 25% completed Transferred to finished goods during June 5,500 units Equivalent units of production during June 5,855 units Determine the number of equivalent units of production in the June 30, Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 7E: The following information concerns production in the Baking Department for December. All direct...

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Cost per equivalent unit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of 9,000 of direct materials. A. Determine the number of units transferred to the next department. B. Determine the costs per equivalent unit of direct materials and conversion. C. Determine the cost of units started and completed in November.
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a. Based upon the data in Exercise 17-7, determine the following for December: 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during December 4. Cost of units started and completed during December 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or remain the same in December?