9. Beginning inventory for the month contained 3,000 units that were 60% complete with respect...

50.1K

Verified Solution

Question

Accounting

9. Beginning inventory for the month contained 3,000 units that were 60% complete with respect to materials. During the month, 50,000 units were completed and transferred out. Ending inventory contained 5,000 units, 30% complete with respect to materials. The weighted average equivalent units of production for materials for the month would be

a.

50,000

b.

51,500

c.

50,300

d.

49,500

10. The following information is provided:

Units

Work in process, June 1 (20% complete)

4,000

Started in June

32,000

Work in process, June 30 (30% complete)

12,000

Materials are added at the beginning of the process. Equivalent units of production for conversion costs using the weighted average method would be

a.

35,600

b.

34,800

c.

36,000

d.

27,600

11. The following information concerns Schroeder's equivalent units in May:

Units

Beginning work-in-process (50% complete)

2,000

Units started during May

8,000

Units completed and transferred

7,500

Ending work-in-process (80% complete)

2,500

Using the weighted average method, what are Schroeder's equivalent units for May?

a.

7,000

b.

9,500

c.

10,000

d.

19,500

Figure 6-5. For the current period, Haley Co. started 20,000 units and completed 8,000 units, leaving 12,000 units in process 40% complete.

12. Refer to Figure 6-5. How many equivalent units of production did Haley Co. have for the period?

a.

13,500

b.

12,000

c.

12,800

d.

8,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students