Using the following terms and following the format in the textbook, prepare the worksheet to show the calculation to answer the question: Units completed and Cost per material Cost per conversion transferred out Equivalent units conversion Beginning inventory Units started in production Total units to account for Total work in process Ending inventory Units transferred in Cost per unit conversion Costs to account for Question: How many units must be in ending inventory if beginning inventory was 15,000 units, 55,000 units were started, and 57,000 units were completed and transferred out? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Term Units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using the following terms and following the format in the textbook, prepare the worksheet to show the calculation to answer the
question:
Units completed and
Cost per material
Cost per conversion
transferred out
Equivalent units conversion
Beginning inventory
Units started in production
Total units to account for
Total work in process
Ending inventory
Units transferred in
Cost per unit conversion
Costs to account for
Question: How many units must be in ending inventory if beginning inventory was 15,000 units, 55,000 units were started, and
57,000 units were completed and transferred out?
PLEASE NOTE: For units, use commas as needed (i.e. 1,234).
Term
Units
Transcribed Image Text:Using the following terms and following the format in the textbook, prepare the worksheet to show the calculation to answer the question: Units completed and Cost per material Cost per conversion transferred out Equivalent units conversion Beginning inventory Units started in production Total units to account for Total work in process Ending inventory Units transferred in Cost per unit conversion Costs to account for Question: How many units must be in ending inventory if beginning inventory was 15,000 units, 55,000 units were started, and 57,000 units were completed and transferred out? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Term Units
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