FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- 1. Using the following terms and following the format in the textbook, prepare the worksheet to show the calculation to answer the question: Units completed and transferred out Cost per material Cost per conversion Equivalent units conversion Beginning inventory Units started in production Total units to account for Total work in process Ending inventory Units transferred in Total units accounted for Costs to account for Question: How many units were started into production in a period if there were zero units of beginning work in process inventory, 1,100 units in ending work in process inventory, and 21,500 completed and transferred out units? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Term Units ? ? ? ? ? ? ? ? ? ? ? ?arrow_forwardConcord Company had the following department data: Work in process inventory, July 1 Completed and transferred out Work in process inventory, July 31 Physical Units 185000 O 214000 243000 O 168000 29000 168000 46000 Materials are added at the beginning of the process. What are the equivalent units of production for materials in July?arrow_forwardUsing the following terms, prepare the worksheet to show the calculation to answer the question: Units completed and transferred Cost per material Cost per conversion out Equivalent units conversion Beginning inventory Units started in production h Total units to account for Total work in process Ending inventory Units transferred in Total units accounted for Costs to account for Question: A company started the month with 8,329 units in work in process inventory. It started 23,142 units and had an ending inventory of 9,321. The units were 100% complete to materials and 67% complete with conversion. complete the following table to determine how many units were transferred out during the period? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Total units to account forarrow_forward
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