Question
Qu Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Qu Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Beginning work in process inventory: | |||
| Units in beginning work in process inventory | 900 | ||
| Materials costs | $ | 9,800 | |
| Conversion costs | $ | 9,200 | |
| Percent complete with respect to materials | 55 | % | |
| Percent complete with respect to conversion | 30 | % | |
| Units started into production during the month | 8,400 | ||
| Materials costs added during the month | $ | 130,400 | |
| Conversion costs added during the month | $ | 220,600 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 2,200 | ||
| Percent complete with respect to materials | 65 | % | |
| Percent complete with respect to conversion | 25 | % | |
How many units were started AND completed during the month in the first processing department?
rev: Brewer 8e Rechecks 2019-07-18
Multiple Choice
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8,400
-
7,100
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6,200
-
9,300
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QuickBooks Step-by-Step Guide To Bookkeeping And Accounting For Beginners
Authors: Kevin Ellis
1st Edition
1951345126, 978-1951345129
