Annual Report: As per Securities and Exchange Commission requirements, all the public companies are mandated to prepare the annual report. Annual report of a company contains the following information: Company’s financial status Summary about company, its industry, its brands, and its growth policies States the risks of the company and its competitors Thus, annual report provides complete information about the financial position of a company. This helps the investors to make proper decisions. To describe: Two reports provided by independent auditors in the annual report to shareholders.

Question

In the month of September, a department had 9,500 units in beginning work in process that were 60% complete. During September, 28,500 units were transferred into production from another department. At the end of September, there were 5,500 units in ending work in process that were 50% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. A. The equivalent units of production for materials in September were __. B. The equivalent units of production for conversion costs for September were __.

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Chapter 14, Problem 10DQ

To determine

Annual Report: As per Securities and Exchange Commission requirements, all the public companies are mandated to prepare the annual report. Annual report of a company contains the following information:

Company’s financial status

Summary about company, its industry, its brands, and its growth policies

States the risks of the company and its competitors

Thus, annual report provides complete information about the financial position of a company. This helps the investors to make proper decisions.

To describe: Two reports provided by independent auditors in the annual report to shareholders.

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In the month of September, a department had 9,500 units in beginning work in process that were 60% complete. During September, 28,500 units were transferred into production from another department. At the end of September, there were 5,500 units in ending work in process that were 50% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. A. The equivalent units of production for materials in September were __. B. The equivalent units of production for conversion costs for September were __.

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In the month of September, a department had 9,500 units in beginning work in process that were 60% complete. During September, 28,500 units were transferred into production from another department. At the end of September, there were 5,500 units in ending work in process that were 50% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. A. The equivalent units of production for materials in September were . B. The equivalent units of production for conversion costs for September were . Need answer