Question
A process manufacturer reports the following: Units Conversion Percent Complete Beginning work in process inventory 158,000 85% Units started this period 330,000 Units completed and
A process manufacturer reports the following:
| Units | Conversion | |
|---|---|---|
| Percent Complete | ||
| Beginning work in process inventory | 158,000 | 85% |
| Units started this period | 330,000 | |
| Units completed and transferred out | 360,000 | |
| Ending work in process inventory | 128,000 | 25% |
(a) Compute the number of units started and completed this period. (b) Compute the total equivalent units of production for conversion. The company uses the FIFO method.
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Auditing Advances In Behavioral Research
Authors: Lawrence A. Ponemon, David R.L. Gabhart
1st Edition
0387976191, 978-0387976198
