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The Miracle Company had 27,000 units in process on December 31, 2023 which was 90% complete as to materials but only 30% complete as to conversion costs. The company's records show 47,000 units were transferred to the Finished Goods Inventory during January 2024. On January 31, 2024, 22,000 units were on hand which were 20% complete as to conversion costs and 70% complete as to materials. What are the equivalent units of production (EUPS) for the conversion costs in January, assuming Miracle uses first-in, first-out (FIFO)? Multiple Choice 49,000 EUPS О 49,900 EUPS 43,300 EUPS 48,300 EUPS 5

The Miracle Company had 27,000 units in process on December 31, 2023 which was 90% complete as to materials but only 30% complete as to conversion costs. The company's records show 47,000 units were transferred to the Finished Goods Inventory during January 2024. On January 31, 2024, 22,000 units were on hand which were 20% complete as to conversion costs and 70% complete as to materials. What are the equivalent units of production (EUPS) for the conversion costs in January, assuming Miracle uses first-in, first-out (FIFO)? Multiple Choice 49,000 EUPS О 49,900 EUPS 43,300 EUPS 48,300 EUPS 5

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 Miracle Company had 27,000 units in process on December 31, 2023 which was 90% complete as to materials but only 30% complete as to conversion costs. The company's records show 47,000 units were transferred to the Finished Goods Inventory during January 2024. On January 31, 2024, 22,000 units were on hand which were 20% complete as to conversion costs and 70% complete as to materials. What are the equivalent units of production (EUPS) for the conversion costs in January, assuming Miracle uses first-in, first-out (FIFO)? Multiple Choice 49,000 EUPS О 49,900 EUPS 43,300 EUPS 48,300 EUPS 5
Transcribed Image Text:The Miracle Company had 27,000 units in process on December 31, 2023 which was 90% complete as to materials but only 30% complete as to conversion costs. The company's records show 47,000 units were transferred to the Finished Goods Inventory during January 2024. On January 31, 2024, 22,000 units were on hand which were 20% complete as to conversion costs and 70% complete as to materials. What are the equivalent units of production (EUPS) for the conversion costs in January, assuming Miracle uses first-in, first-out (FIFO)? Multiple Choice 49,000 EUPS О 49,900 EUPS 43,300 EUPS 48,300 EUPS 5
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