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The Molding Department of Oriole Company has the following production data: beginning work in process inventory 24000 units (50% complete as to conversion), started into production 477000 units, completed and transferred out 450000 units, and ending work in process inventory 51000 units (50% complete as to conversion). Assuming that conversion costs are incurred uniformly during the process, the equivalent units of production for conversion costs are O 451500. O 501000. O.475500. O 450000

The Molding Department of Oriole Company has the following production data: beginning work in process inventory 24000 units (50% complete as to conversion), started into production 477000 units, completed and transferred out 450000 units, and ending work in process inventory 51000 units (50% complete as to conversion). Assuming that conversion costs are incurred uniformly during the process, the equivalent units of production for conversion costs are O 451500. O 501000. O.475500. O 450000

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 Molding Department of Oriole Company has the following production data: beginning work in process inventory 24000 units (50% complete as to conversion), started Into production 477000 units, completed and transferred out 450000 units, and ending work in process inventory 51000 units (50% complete as to conversion). Assuming that conversion costs are incurred uniformly during the process, the equivalent units of production for conversion costs are 0451500. O 501000. O.475500. O.450000
Transcribed Image Text:The Molding Department of Oriole Company has the following production data: beginning work in process inventory 24000 units (50% complete as to conversion), started Into production 477000 units, completed and transferred out 450000 units, and ending work in process inventory 51000 units (50% complete as to conversion). Assuming that conversion costs are incurred uniformly during the process, the equivalent units of production for conversion costs are 0451500. O 501000. O.475500. O.450000
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