Question
XYZ Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
XYZ Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
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| Beginning work in process inventory: |
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| Units in beginning work in process inventory |
| 1,000 |
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| Materials costs | $ | 9,800 |
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| Conversion costs | $ | 9,200 |
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| Percent complete with respect to materials |
| 55 | % |
| Percent complete with respect to conversion |
| 30 | % |
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| Units started into production during the month |
| 12,000 |
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| Materials costs added during the month | $ | 130,400 |
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| Conversion costs added during the month | $ | 220,600 |
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| Ending work in process inventory: |
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| Units in ending work in process inventory |
| 4,000 |
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| Percent complete with respect to materials |
| 65 | % |
| Percent complete with respect to conversion | $ | 25 | % |
How many units were started and completed during the month in the first processing department?
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Payroll Fraud Detection And Prevention Audit Expert System
Authors: Titus Oniyilo
1st Edition
136564345X, 978-1365643453
