Question
The following information is available for the month of August from the Second department of the Twigg Corporation: Units Work in process, August 1 (60%
The following information is available for the month of August from the Second department of the Twigg Corporation:
Units | |
Work in process, August 1 (60% complete) | 50,000 |
Transferred from First Department in August | 190,000 |
Work in process, August 30 (40% complete) | 80,000 |
Materials are added at the end of the process in the Second department. Using the average cost method, what are the equivalent units of production for materials and conversion costs for the month of August?
Materials | Conversion |
a. | 192,000 160,000 |
b. | 160,000 192,000 |
c. | 160,000 208,000 |
d. | 240,000 192,000 |
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
