weighted-average method in its process costing system. The company sold 600,000 units in Time left 0:26:45 concerning inventories follow: Units Inventory at January 1: Work in process... None Finished goods....... 150,000 ...... Inventory at January 31: Work in process (conversion... 75% 48,000 complete) Finished goods . 120,000 What were the equivalent units for conversion costs for January?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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weighted-average method in its process costing system. The company sold 600,000 units in Time left 0:26:45
concerning inventories follow:
10 11
12
arked out of
19
20 21
Units
Inventory at January 1:
Finish attempt .
Work in process.
None
Finished goods.
150,000
Inventory at January 31:
Work in process (conversion... 75%
48,000
complete)
Finished goods.
120,000
What were the equivalent units for conversion costs for January?
O 606,000 units.
O570,000 units.
600,000 units.
O 618,000 units.
Transcribed Image Text:estion 4 t yet swered weighted-average method in its process costing system. The company sold 600,000 units in Time left 0:26:45 concerning inventories follow: 10 11 12 arked out of 19 20 21 Units Inventory at January 1: Finish attempt . Work in process. None Finished goods. 150,000 Inventory at January 31: Work in process (conversion... 75% 48,000 complete) Finished goods. 120,000 What were the equivalent units for conversion costs for January? O 606,000 units. O570,000 units. 600,000 units. O 618,000 units.
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