Question
The following information is provided by Abbott Corporation: WIP inventory, January 1 0 units Units started 12,000 Units completed and transferred out 8,000 WIP inventory,
The following information is provided by Abbott Corporation:
WIP inventory, January 1 | 0 units |
Units started | 12,000 |
Units completed and transferred out | 8,000 |
WIP inventory, December 31 | 4,000 |
Direct materials | $26,700 |
Direct labour | $15,400 |
Manufacturing overhead | $9,000 |
The units in ending WIP inventory were 80% complete for materials and 40% complete for conversion costs.
What are the total equivalent units for direct materials for the Abbott Corporation if all manufacturing costs are added during the process?
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Survey Of Accounting
Authors: Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay
1st Edition
