Homework Help is Here – Start Your Trial Now!
Business
Accounting
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
See similar textbooks
icon
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 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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS