The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (35% completed) 5,000 units Completed units during June 61,400 units Ending inventory (65% complete) 3,600 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process, is O a. 3,600 units O b. 60,000 units O c. 65,000 units O d. 56,400 units
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (35% completed) 5,000 units Completed units during June 61,400 units Ending inventory (65% complete) 3,600 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process, is O a. 3,600 units O b. 60,000 units O c. 65,000 units O d. 56,400 units
Chapter5: Process Costing
Section: Chapter Questions
Problem 9EB: Production data show 15,200 units were transferred out of a stage of production and 3,500 units...
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