Question
SSI uses the weighted-average method in its process costing system. For a particular department, the company had 112,000 equivalent units of production with respect to
SSI uses the weighted-average method in its process costing system. For a particular department, the company had 112,000 equivalent units of production with respect to conversion costs in March. There were 15,000 units in the department's beginning work in process inventory, two thirds complete with respect to conversion costs. During March, 105,000 units were started and 100,000 were completed and transferred out of the department. The ending work in process inventory in the department____________: Which statement is true?
A.consisted of 5,000 units
B.consisted of 10,000 units
C.consisted of 15,000 units
D.was 40% complete with respect to conversion costs
E.was 50% complete with respect to conversion costs
F.was 60% complete with respect to conversion costs
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started