The Mason Company has a process cost system. All materials are added when the process is first begun. At the beginning of September, there were no units of product in process. During September, 50,000 units were started; 5,000 of these were still in process at the end of September and were 3/5 finished. The equivalent number of units of material in September was A. 40,000. B. 45,000. C. 48,000. D. 50,000.
The Mason Company has a process cost system. All materials are added when the process is first begun. At the beginning of September, there were no units of product in process. During September, 50,000 units were started; 5,000 of these were still in process at the end of September and were 3/5 finished. The equivalent number of units of material in September was A. 40,000. B. 45,000. C. 48,000. D. 50,000.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The Mason Company has a process cost system. All materials
are added when the process is first begun. At the beginning
of September, there were no units of product in process.
During September, 50,000 units were started; 5,000 of these
were still in process at the end of September and were 3/5
finished. The equivalent number of units of material in
September was
A. 40,000.
B. 45,000.
C. 48,000.
D. 50,000.
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