The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (31% completed) 4,500 units Completed units during June 64,900 units Ending inventory (61% complete) 3,900 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 a.3,900 units b.68,800 units c.60,400 units d.64,300 units
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (31% completed) 4,500 units Completed units during June 64,900 units Ending inventory (61% complete) 3,900 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 a.3,900 units b.68,800 units c.60,400 units d.64,300 units
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 3BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...
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