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A ocmpany had 1,000 units in beginning work in process : 80% complete for materials and 40% complete for conversion. During the period, 11,200 units
A ocmpany had 1,000 units in beginning work in process : 80% complete for materials and 40% complete for conversion. During the period, 11,200 units were completed, and 800 units were in ending work in process at month end. The ending work in process equivalent unitys for conversion is 200 units. What is the conversion percent complete for ending work in process inventory using the first in, first out (FIFO) method? 75% 70% 50% 25%
| A ocmpany had 1,000 units in beginning work in process : 80% complete for materials and 40% complete for | ||||||||||
| conversion. During the period, 11,200 units were completed, and 800 units were in ending work in process at | ||||||||||
| month end. The ending work in process equivalent unitys for conversion is 200 units. | ||||||||||
| What is the conversion percent complete for ending work in process inventory using the first in, first out | ||||||||||
| (FIFO) method? | ||||||||||
| 75% | ||||||||||
| 70% | ||||||||||
| 50% | ||||||||||
| 25% | ||||||||||
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
