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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.

FINANCIAL ACCOUNTING
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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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.
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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