Question
At the beginning of the month, the Forming Department of Martin Manufacturing had 26,000 units in inventory, 30% complete as to materials, and 15% complete
At the beginning of the month, the Forming Department of Martin Manufacturing had 26,000 units in inventory, 30% complete as to materials, and 15% complete as to conversion. During the month the department started 92,000 units and transferred 94,000 units to the next manufacturing department. At the end of the month, the department had 24,000 units in inventory, 90% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses the FIFO method of process costing, compute the equivalent units for materials and conversion respectively for the Forming Department.
want to know if im correct or not.
Multiple Choice 0 88,100 materials; 95,900 conversion. 115,600 materials; 108,400 conversion. 107,800 materials: 108,400 conversion. 0 89,600 materials; 82,400 conversion. 0 107,800 materials; 104,500 conversionStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started