Question
Physical units Conversion cost WIP, beginning inventory (Feb. 1) 2,000 Started during July 6,000 Good units completed and TO during July 5,500 WIP, ending inventory
| Physical units | Conversion cost | |
| WIP, beginning inventory (Feb. 1) | 2,000 |
|
| Started during July | 6,000 |
|
| Good units completed and TO during July | 5,500 |
|
| WIP, ending inventory | 1,000 |
|
| Normal and abnormal spoilage Degree of completion |
| 40% |
| Normal spoilage as a % of good units | 10% |
|
| Degree of completion of ending WIP |
| 80% |
Calculate the number of equivalent units with respect to conversion costs?
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Internal Revenue Service Status Of GAO Financial Audit And Related Financial Management Recommendations
Authors: Government Accountability Office
1st Edition
1492351571, 978-1492351573
