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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

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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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 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. 1 400
  2. 1 900
  3. 1 200
  4. 1 700
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