Use the following information to answer the next 2 questions: Henry Incorporated manufactures a high volume of identical flashlights called the Illumin-8. The company reported the following for the month of August: Physical Units Beginning work in process, August 1 18,000 Started during the August 90,000 Ending work in process, August 31 24,000 Materials are added at the beginning of the process. The beginning inventory was 60% complete with respect to conversion, and ending inventory was 90% complete with respect to conversion. 4. What is Henry's equivalent units for materials in August using the weighted average method? a. 84, 000. b. 90,000. c. 108, 000. d. 66,000. 5. What is Henry's equivalent units for conversion in August using the FIFO method? a. 98, 400. b. 94,800. c. 108, 000. d . 105,600.
Use the following information to answer the next 2 questions: Henry Incorporated manufactures a high volume of identical flashlights called the Illumin-8. The company reported the following for the month of August: Physical Units Beginning work in process, August 1 18,000 Started during the August 90,000 Ending work in process, August 31 24,000 Materials are added at the beginning of the process. The beginning inventory was 60% complete with respect to conversion, and ending inventory was 90% complete with respect to conversion. 4. What is Henry's equivalent units for materials in August using the weighted average method? a. 84, 000. b. 90,000. c. 108, 000. d. 66,000. 5. What is Henry's equivalent units for conversion in August using the FIFO method? a. 98, 400. b. 94,800. c. 108, 000. d . 105,600.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Use the following information to answer the next 2 questions: Henry Incorporated manufactures a high
volume of identical flashlights called the Illumin-8. The company reported the following for the month of
August: Physical Units Beginning work in process, August 1 18,000 Started during the August 90,000
Ending work in process, August 31 24,000 Materials are added at the beginning of the process. The
beginning inventory was 60% complete with respect to conversion, and ending inventory was 90%
complete with respect to conversion. 4. What is Henry's equivalent units for materials in August using the
weighted average method? a. 84, 000. b. 90,000. c. 108, 000. d. 66,000. 5. What is Henry's
equivalent units for conversion in August using the FIFO method? a. 98, 400. b. 94,800. c. 108, 000. d
. 105,600.
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