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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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2
![Month
January
March
July
January
March
Beginning
Work in Process
July
-0-
-0-
-0-
Units
Transferred Out
Materials
42,700
48,800
54,900
Ending
Work in Process
Units
12,200
9,760
19,520
Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of
the process and that conversion costs are incurred uniformly throughout the process.
% Complete as to
Conversion Cost
Conversion Costs
40 %
75
25](https://content.bartleby.com/qna-images/question/602fcb71-1352-4051-885a-8646ae65e985/edb7ae9a-e4b5-46a2-ba7b-6a5bb6604148/t0kaphc_thumbnail.jpeg)
Transcribed Image Text:Month
January
March
July
January
March
Beginning
Work in Process
July
-0-
-0-
-0-
Units
Transferred Out
Materials
42,700
48,800
54,900
Ending
Work in Process
Units
12,200
9,760
19,520
Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of
the process and that conversion costs are incurred uniformly throughout the process.
% Complete as to
Conversion Cost
Conversion Costs
40 %
75
25
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- But why? for number 3arrow_forwardZina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800arrow_forward
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