The following production data were taken from the records of the finishing department for June: Inventory in process, June 1, 25% completed Transferred to finished goods during June 300 units 4,900 units Equivalent units of production during June 5,255 units Determine the number of equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs. a. 645 units b. 430 units c. 344 units Od. 516 units
The following production data were taken from the records of the finishing department for June: Inventory in process, June 1, 25% completed Transferred to finished goods during June 300 units 4,900 units Equivalent units of production during June 5,255 units Determine the number of equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs. a. 645 units b. 430 units c. 344 units Od. 516 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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