Question
Oriole Company had the following department information about physical units and percentage of completion: Physical Units Work in process, May 1 (50%) 35300 Completed and
Oriole Company had the following department information about physical units and percentage of completion:
| Physical Units | |
| Work in process, May 1 (50%) | 35300 |
| Completed and transferred out | 85000 |
| Work in process, May 31 (40%) | 30200 |
Materials are added at the beginning of the production process. Conversion costs are added equally throughout production. What is the total number of equivalent units during May for conversion costs if the FIFO method is used?
|
| 79430 |
|
| 150500 |
|
| 97080 |
|
| 132850 |
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Computers Electronics And High Tech Industry Irs Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304133834, 978-1304133830
