Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Total conversion costs are 276, 500, there are 4,000 in ending inventory which are 50% complete as to conversion cost. How much is the conversion

image text in transcribed
Total conversion costs are 276, 500, there are 4,000 in ending inventory which are 50% complete as to conversion cost. How much is the conversion cost per unit? A) $1.75 b) $1.73 C) $1.71 D) $1.69 company has 6,000 units in beg WIP, 30% complete as to conversion costs, 60,000 units are transferred to finished goods to 2,000 units in Ending WIP, 20% complete as to conversion costs. The by to end is fully, complete as to materials cost. How much are equivalent units for conversion costs if the FIFO method is used? A) 60, 400 B) 64, 600 C) 56,000 D) 58, 600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Method And Meaning Teachers Guide

Authors: R.M.S. Wilson

2nd Edition

0412436205, 978-0412436208

More Books

Students also viewed these Accounting questions

Question

Have you made plans for the orientation process?

Answered: 1 week ago

Question

Describe the patterns of business communication.

Answered: 1 week ago

Question

3. Provide two explanations for the effects of mass media

Answered: 1 week ago