Question
1.. The following information is from the Grimes Company for the month of November: Beginning WIP on 11/1: 800 units Units finished in November: 25,000
1.. The following information is from the Grimes Company for the month of November:
Beginning WIP on 11/1: 800 units
Units finished in November: 25,000 units
Ending WIP on 11/30: 1,600 units (1/4 complete)
Using Average Cost, what are the equivalent units of production for Material if all material is added at the BEGINNING?
Group of answer choices
25,000
25,400
26,600
25,800
2. The following information is from the Grimes Company for the month of November:
Beginning WIP on 11/1: 800 units
Units finished in November: 25,000 units
Ending WIP on 11/30: 1,600 units (1/4 complete)
Using Average Cost, what are the equivalent units of production for Material if all material is added at the END?
Group of answer choices
25,000
25,400
26,600
25,800
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
