Units % Complete with regards to conversion cost Beginning work in process inventory 700 40% Units started into production 5000 Units completed and transferred to the next department during June 3 800 Normal Losses (10% of current input) ? Abnormal losses 200 Ending work in process inventory ? 20% Pink Company uses the FIFO method in its process costing system. Operating data for the first department for June appear below: All losses are deemed to occur at the beginning of the process when inspection takes place. The number of units in ending work in process inventory were: 1 400 1 900 1 200 1 700
Units % Complete with regards to conversion cost Beginning work in process inventory 700 40% Units started into production 5000 Units completed and transferred to the next department during June 3 800 Normal Losses (10% of current input) ? Abnormal losses 200 Ending work in process inventory ? 20% Pink Company uses the FIFO method in its process costing system. Operating data for the first department for June appear below: All losses are deemed to occur at the beginning of the process when inspection takes place. The number of units in ending work in process inventory were: 1 400 1 900 1 200 1 700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
|
|
Units |
% Complete with regards to conversion cost |
|
Beginning work in process inventory |
700 |
40% |
|
Units started into production |
5000 |
|
|
Units completed and transferred to the next department during June |
3 800 |
|
|
Normal Losses (10% of current input) |
? |
|
|
Abnormal losses |
200 |
|
|
Ending work in process inventory |
? |
20% |
Pink Company uses the FIFO method in its
All losses are deemed to occur at the beginning of the process when inspection takes place.
The number of units in ending work in process inventory were:
- 1 400
- 1 900
- 1 200
- 1 700
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