a company uses a first-in, first -out(fifo) system and has 5,000 units in beginning work-in-process...

70.2K

Verified Solution

Question

Accounting

a company uses a first-in, first -out(fifo) system and has 5,000 units in beginning work-in-process , 30% complete as to conversion costs.Conversion costs are incurred evently throughout the period.what is the number of equivalent units for conversion costs if 30,000 units were started during the period and there are 6,000 units in ending work-in-process that rae 20% complete?

a) 26,700 units

b) 28,700 units

c) 33,700 units

d) 34,700 units

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