Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC Company uses a Weighted average process cost system. They had 15000 Physical units In thelr beginning inventory whkh were 75% done with respect to

image text in transcribed
ABC Company uses a Weighted average process cost system. They had 15000 Physical units In thelr beginning inventory whkh were 75% done with respect to time. During the month an additional 105,000 unit were started. A total of 100,000 units were completed and transferred out of the department. The number started and completed must have been: A 20,000. 8.8,000 C.85,000. D. 100,000. E. 120,000 Using ABC data above in #13, the Number of physical units in the ending inventory must have been: A. 20,000. B.8,000. C.5,000 D. 15,000 E. 12,000 Correct computations show the total Wtd. Avg. Equivalent units for conversion during the month was 108,000. Using ABC data above in #14, the % of completion on conversion in the ending inventory must have been: A. 40%. B. 65%. 30%. D. 60% E. It is impossible to tell from the data given. xYZ Company used the FIFO method for its process costing system. The following information was available for one of its departments. The Beginning work in process inventory consisted of 16,000 physical units where were 75% complete with respect to conversion cost. The department did 59,000 equivalent units of work during the period. A total of 50,000 units where completed and transferred out of the department during the current month. Then ending inventory consisted of 12,000 units which were so% complete for conversion. The units started during the month must have been: A. 29,000 units B. 42,000 units c. 46,000 units D. 54,000 units E. None of these, it was units. Using data in #16 above, the number of units started and completed must have been: A. 29,000 units B. 34,000 C. 46,000 D. 54,000 units E. None of these it was unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Accounting Concepts Principles And Procedures Volume 2

Authors: Gregory Mostyn, Worthy And James

1st Edition

0979149495, 9780979149498

More Books

Students also viewed these Accounting questions