Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
Question

please solve correctly with full working 

An ice cream maker reports the following.
Beginning work in process inventory
Units started this period
Units completed and transferred out
Ending work in process inventory
Units
376,000
732,000
792,000
316,000
Conversion
Percent
Required A Required B
Compute the number of units started and completed this period.
Units started and completed
Complete
35%
(a) Compute the number of units started and completed this period.
(b) Compute the total equivalent units of production for conversion. The company uses the FIFO method.
60%
Complete this question by entering your answers in the tabs below.
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Transcribed Image Text:An ice cream maker reports the following. Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 376,000 732,000 792,000 316,000 Conversion Percent Required A Required B Compute the number of units started and completed this period. Units started and completed Complete 35% (a) Compute the number of units started and completed this period. (b) Compute the total equivalent units of production for conversion. The company uses the FIFO method. 60% Complete this question by entering your answers in the tabs below.
Required A
**********
Total units
Required B
Compute the total equivalent units of production for conversion. The company uses the FIFO metho
Equivalent units of production: FIFO method
Units
Conversion
Percent
Added
EUP
expand button
Transcribed Image Text:Required A ********** Total units Required B Compute the total equivalent units of production for conversion. The company uses the FIFO metho Equivalent units of production: FIFO method Units Conversion Percent Added EUP
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