AAG company is reviewing the behavior of its various activities. AAG is considering various costs under process
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Question:
AAG company is reviewing the behavior of its various activities. AAG is considering various costs under process costing system.AAG uses a process-cost accounting system, began operations on January 1 of the current year. The company incurs conversion cost evenly throughout manufacturing. If AAG started work on 3,000 units during the period and these units were 70% of the way through manufacturing, it would be correct to say that the company has:
a.
3,000 physical units in production.
b.
2,100 completed units.
c.
some other figure.
d.
900 equivalent units of production.
e.
3,000 equivalent units of production.
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