Question
Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 7,500 tons in beginning work in process inventory (70% complete) on October
Equivalent Units of Conversion Costs
The Rolling Department of Kraus Steel Company had 7,500 tons in beginning work in process inventory (70% complete) on October 1. During October, 75,000 tons were completed. The ending work in process inventory on October 31 was 4,500 tons (30% complete).
What are the total equivalent units for conversion costs? Round to the nearest whole unit.
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
