Willams Company computed its cost per equivalent unit for direct materials to be $1.80 and its cost per equivalent unit tot corverston to be $344. A total of 381D00 unts of poduct16were completed and transferred out as finished goods during the month, and 29,000 of equivalent units remained unfinished at the end of the month. The amGunt that shoul bereported In Finished Goods Inventory is:42:07Multiple Choice$151,960.$685,800.$99.760.$1,996,440.$2,048,640.Next >16 of 25< PrevMacBook Pro

Finished goods inventory = No. of units completed and transferred x Cost per Equivalent unit where,…

Willams Company computed its cost per equivalent unit for direct materials to be $180 and its cost per equivalent urit tot comverston to be $344. A total of 31DO0 uns of poduct were completed and transferred out as ninished goods during the month, and 29,000 of equivalent units remained unftnished at the end of the month. The amunt tt houan te reported in Finished Goods Inventory is: 2:07 Multiple Choice 2151,960. $685,800. $99,760. $1,996,440. $2,048,640.

Willams Company computed its cost per equivalent unit for direct materials to be $180 and its cost per equivalent urit tot comverston to be $344. A total of 31DO0 uns of poduct were completed and transferred out as ninished goods during the month, and 29,000 of equivalent units remained unftnished at the end of the month. The amunt tt houan te reported in Finished Goods Inventory is: 2:07 Multiple Choice 2151,960. $685,800. $99,760. $1,996,440. $2,048,640.

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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Ht.14.
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