Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During October, total equivalent units of output were 95,000 using the FIFO method . The information about the beginning and ending inventories for October were

During October, total equivalent units of output were 95,000 using the FIFO method . The information about the beginning and ending inventories for October were as follows: Units in process , October 160% complete Units in process , October 31,25\% complete 10,000 16,000 What would have been total equivalent units of output if the Weighted Average method was used instead of the FIFO method? image text in transcribed
During October, total equivalent units of output were 95,000 using the FIFO method. The information about the beginning and ending inventories for October were as follows: Units in process, October 1, 60% complete Units in process, October 31, 25% complete 10,000 16,000 What would have been total equivalent units of output if the Weighted Average method was used instead of the FIFO method? 0 91.000 O 101,000 99.000 O 89,000

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

Step: 3

blur-text-image

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

Audit To Love

Authors: Jezabel Lima

1st Edition

B0C2SG8JS7, 979-8988078807

More Books

Students also viewed these Accounting questions