Question
Bonita Company had the following department information about physical units and percentage of completion: Physical Units Work in process, May 1 (50%) 36500 Completed and
Bonita Company had the following department information about physical units and percentage of completion:
| Physical Units | |
| Work in process, May 1 (50%) | 36500 |
| Completed and transferred out | 84000 |
| Work in process, May 31 (40%) | 30000 |
Materials are added at the beginning of the production process. Conversion costs are added equally throughout production. The %s in the chart elate to conversion costs. How many actual physical units were there present in the department over the entire period?
Answer
How many units were started and totally completed during the month?
Answer
What is the total number of equivalent units during May for materials costs if the Weighted Average method is used?
Answer
What is the total number of equivalent units during May for Materials costs if the FIFO method is used?
Answer
What is the total number of equivalent units during May for conversion costs if the Weighted Average method is used?
Answer
What is the total number of equivalent units during May for conversion costs if the FIFO method is used?
Answer
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
