The THV, Inc. processes tuna for various distributors. Two departments are involved, processing and packaging. Data relating to tons of tuna sent to the processing department during April 2016 are: Tons of Tuna Percentage Completed Materials Conversion Work-in-process inventory, Apr. 1 Work-in-process inventory, Apr. 30 Started processing during April 1,500 80% 70% 50 2,300 6,500 30 5. The number of tons completed and transferred out during the month are a. 8,000 b. 6,500 c. 5,700 d. 1,500 6. Assuming the company uses the weighted average method, what are the equivalent units for materials? a. 5,700 b. 6.500 c. 6,850 d. 7,750 7. Assuming the company uses the weighted average method, what are the equivalent units for conversion? a. 6,390 b. 5,700 c. 8,000 d. 6,250
The THV, Inc. processes tuna for various distributors. Two departments are involved, processing and packaging. Data relating to tons of tuna sent to the processing department during April 2016 are: Tons of Tuna Percentage Completed Materials Conversion Work-in-process inventory, Apr. 1 Work-in-process inventory, Apr. 30 Started processing during April 1,500 80% 70% 50 2,300 6,500 30 5. The number of tons completed and transferred out during the month are a. 8,000 b. 6,500 c. 5,700 d. 1,500 6. Assuming the company uses the weighted average method, what are the equivalent units for materials? a. 5,700 b. 6.500 c. 6,850 d. 7,750 7. Assuming the company uses the weighted average method, what are the equivalent units for conversion? a. 6,390 b. 5,700 c. 8,000 d. 6,250
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![The THV, Inc. processes tuna for various distributors. Two departments are involved,
processing and packaging. Data relating to tons of tuna sent to the processing department
during April 2016 are:
Percentage Completed
Materials
Work-in-process inventory, Apr. 1
Work-in-process inventory, Apr. 30
Started processing during April
Tons of Tuna
1,500
2,300
6,500
Conversion
70%
30
80%
50
5. The number of tons completed and transferred out during the month are
а. 8,000
b. 6,500
c. 5,700
d. 1,500
6. Assuming the company uses the weighted average method, what are the
equivalent units for materials?
а. 5,700
b. 6.500
c. 6,850
d. 7,750
7. Assuming the company uses the weighted average method, what are the
equivalent units for conversion?
a. 6,390
b. 5,700
c. 8,000
d. 6,250](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F030a19fc-d9d1-45d7-b53a-84e2da6a55e7%2F96e94c83-e630-4378-98c2-2e9ec1e846a8%2Fsxwqh2a_processed.png&w=3840&q=75)
Transcribed Image Text:The THV, Inc. processes tuna for various distributors. Two departments are involved,
processing and packaging. Data relating to tons of tuna sent to the processing department
during April 2016 are:
Percentage Completed
Materials
Work-in-process inventory, Apr. 1
Work-in-process inventory, Apr. 30
Started processing during April
Tons of Tuna
1,500
2,300
6,500
Conversion
70%
30
80%
50
5. The number of tons completed and transferred out during the month are
а. 8,000
b. 6,500
c. 5,700
d. 1,500
6. Assuming the company uses the weighted average method, what are the
equivalent units for materials?
а. 5,700
b. 6.500
c. 6,850
d. 7,750
7. Assuming the company uses the weighted average method, what are the
equivalent units for conversion?
a. 6,390
b. 5,700
c. 8,000
d. 6,250
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