The following production data were taken from the records of the finishing department for June: Line Item Description Amount Inventory in process, June 1, 25% completed 180 units Transferred to finished goods during June 5,400 units Equivalent units of production during June 5,945 units Determine the number of equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs. a. 708 units b. 590 units c. 885 units d. 472 units

The following production data were taken from the records of the finishing department for June: Line Item Description Amount Inventory in process, June 1, 25% completed 180 units Transferred to finished goods during June 5,400 units Equivalent units of production during June 5,945 units Determine the number of equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs. a. 708 units b. 590 units c. 885 units d. 472 units

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Description: The following production data were taken from the records of the finishing department for June: LineItem Description Amount Inventory in process, June 1, 25% completed 180 units Transferred to finishedgoods during June 5,400 units Equivalent units o

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 7E: The following information concerns production in the Baking Department for December. All direct...

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