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X Your answer is incorrect. Determine equivalent units for all three cost categories in part (a), assuming Sunland instead uses the weighted-average method of process costing. Total equivalent units of work done Transferred-in 2830 DM 2830 Conversion Cost 2735

X Your answer is incorrect. Determine equivalent units for all three cost categories in part (a), assuming Sunland instead uses the weighted-average method of process costing. Total equivalent units of work done Transferred-in 2830 DM 2830 Conversion Cost 2735

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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* Your answer is incorrect. Determine equivalent units for all three cost categories in part (a), assuming Sunland instead uses the weighted-average method of process costing. Total equivalent units of work done Transferred-in 2830 DM 2830 Conversion Cost 2735
Transcribed Image Text:* Your answer is incorrect. Determine equivalent units for all three cost categories in part (a), assuming Sunland instead uses the weighted-average method of process costing. Total equivalent units of work done Transferred-in 2830 DM 2830 Conversion Cost 2735
The inspection department at Sunland Industries receives manufactured parts from its own production department and then meticulously checks every part before packaging it for sale. This month, the production department focused on automobile side mirrors. The inspection department began April with just 220 side mirrors in process. These beginning units were 70% of the way through the inspection process. During April, 2,830 more side mirrors were transferred-in from the production department. By month's end, 2,450 units had been fully inspected and packaged (packaging occurs when the units reach the 95% completion point in the inspection department). April's ending WIP Inventory units in the inspection department were 40% of the way through the inspection process. (a) Your answer is partially correct. Determine Sunland's equivalent units for transferred-in costs, DM, and conversion costs in April, assuming the company uses the FIFO method of process costing. Total equivalent units of work done Transferred-in 2830 DM 2830 Conversion Cost 2450
Transcribed Image Text:The inspection department at Sunland Industries receives manufactured parts from its own production department and then meticulously checks every part before packaging it for sale. This month, the production department focused on automobile side mirrors. The inspection department began April with just 220 side mirrors in process. These beginning units were 70% of the way through the inspection process. During April, 2,830 more side mirrors were transferred-in from the production department. By month's end, 2,450 units had been fully inspected and packaged (packaging occurs when the units reach the 95% completion point in the inspection department). April's ending WIP Inventory units in the inspection department were 40% of the way through the inspection process. (a) Your answer is partially correct. Determine Sunland's equivalent units for transferred-in costs, DM, and conversion costs in April, assuming the company uses the FIFO method of process costing. Total equivalent units of work done Transferred-in 2830 DM 2830 Conversion Cost 2450
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