Managerial Accounting
Managerial Accounting
15th Edition
ISBN: 9781337912020
Author: Carl Warren, Ph.d. Cma William B. Tayler
Publisher: South-Western College Pub
Question
The following data relate to the Forming Department of Jimbob Co. for a recent month:
Number of Conversion Costs
Units
(Percent Complete)
Beginning work in process inventory 9,000
60%
Units started into production
45,000
Units completed and transferred out 46,000
Ending work in process inventory 8,000
25%
All materials are added prior to the beginning of work in the Forming Department.
If Jimbob Co. uses the FIFO method, the equivalent units of production for conversion costs would be?
O 42,600 units.
O 44,400 units.
46,000 units.
O 48,000 units,
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Transcribed Image Text:The following data relate to the Forming Department of Jimbob Co. for a recent month: Number of Conversion Costs Units (Percent Complete) Beginning work in process inventory 9,000 60% Units started into production 45,000 Units completed and transferred out 46,000 Ending work in process inventory 8,000 25% All materials are added prior to the beginning of work in the Forming Department. If Jimbob Co. uses the FIFO method, the equivalent units of production for conversion costs would be? O 42,600 units. O 44,400 units. 46,000 units. O 48,000 units,
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