The following production data were taken from the records of the finishing department for June: Line Item Description Amount Inventory in process, June 1, 25% completed 180 units Transferred to finished goods during June 5,400 units Equivalent units of production during June 5,945 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. a. 708 units b. 590 units c. 885 units d. 472 units

The following production data were taken from the records of the finishing department for June: Line Item Description Amount Inventory in process, June 1, 25% completed 180 units Transferred to finished goods during June 5,400 units Equivalent units of production during June 5,945 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. a. 708 units b. 590 units c. 885 units d. 472 units

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Description: The following production data were taken from the records of the finishing department for June: LineItem Description Amount Inventory in process, June 1, 25% completed 180 units Transferred to finishedgoods during June 5,400 units Equivalent units o

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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Vishnu
Please answer C.
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