During the accounting period, 20,000 units were completed and transferred to finished goods. The beginning goods in process were 4,000, which were 60% complete as labour and overhead. 1,000 units remain in process and are 80% completed. The number of units started during the accounting period was:     a. 17,000 units   b. 20,000 units   c. 18,500 units   d. 21,000 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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During the accounting period, 20,000 units were completed and transferred to finished goods. The beginning goods in process were 4,000, which were 60% complete as labour and overhead. 1,000 units remain in process and are 80% completed. The number of units started during the accounting period was:

 

  a.

17,000 units

  b.

20,000 units

  c.

18,500 units

  d.

21,000 units

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