Question
The information below was obtained from the records of one of the departments of Cushing Corporation for the month of August. The company uses the
The information below was obtained from the records of one of the departments of Cushing Corporation for the month of August. The company uses the first-in, first-out method in its process costing system.
| Units | Percent Complete Labor and Overhead | |
|---|---|---|
| Work in process, August 1 | 12,800 | 25% |
| Units completed and transferred out | 89,000 | |
| Work in process, August 31 | 21,400 | 50% |
All materials are added at the beginning of the process.
The equivalent units for materials for the month of August are:
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Sarbanes Oxley Internal Controls Effective Auditing With AS5 CobiT And ITIL
Authors: Robert R. Moeller
1st Edition
0470170921, 978-0470170922
