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Use the following data from a processing department to calculate equivalent units with respect to direct materials for units completed and transferred out this period. Percent Complete Conversion Physical Units 5,000 Direct Materials Costs Beginning work in process 40% 20% Started this period Completed during this period Ending work in process 17,000 20,000 100% 100% 2,000 70% 10% a. 10,000 b. 12,000 c. 20,000 d. 17,000 e. 8,000 O O O O O

Use the following data from a processing department to calculate equivalent units with respect to direct materials for units completed and transferred out this period. Percent Complete Conversion Physical Units 5,000 Direct Materials Costs Beginning work in process 40% 20% Started this period Completed during this period Ending work in process 17,000 20,000 100% 100% 2,000 70% 10% a. 10,000 b. 12,000 c. 20,000 d. 17,000 e. 8,000 O O O O O

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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Use the following data from a processing department to calculate equivalent units with respect to direct materials for units completed and transferred out this period. Percent Complete Conversion Physical Units 5,000 Direct Materials Costs Beginning work in process 40% 20% Started this period Completed during this period Ending work in process 17,000 20,000 100% 100% 2,000 70% 10% a. 10,000 b. 12,000 c. 20,000 d. 17,000 e. 8,000 O O O O O
Transcribed Image Text:Use the following data from a processing department to calculate equivalent units with respect to direct materials for units completed and transferred out this period. Percent Complete Conversion Physical Units 5,000 Direct Materials Costs Beginning work in process 40% 20% Started this period Completed during this period Ending work in process 17,000 20,000 100% 100% 2,000 70% 10% a. 10,000 b. 12,000 c. 20,000 d. 17,000 e. 8,000 O O O O O
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