Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. department a had 5,000 units in work in process th

Department A had 5,000 units in work in process that were 62% completed as to labor...

Free

50.1K

Verified Solution

Question

Accounting

Department A had 5,000 units in work in process that were 62%completed as to labor and overhead at the beginning of the period;31,900 units of direct materials were added during the period;34,500 units were completed during the period; and 2,400 units were35% completed as to labor and overhead at the end of the period.All materials are added at the beginning of the process. Thefirst-in, first-out method is used to cost inventories. The numberof equivalent units of production for material costs for the periodwas a. 29,500 b. 34,500 c. 31,900 d. 36,900

Answer & Explanation Solved by verified expert
4.3 Ratings (919 Votes)

  • Correct Answer = Option ‘c’ 31,900 units for Material Cost
  • Working

EUP - FIFO Method

Units

% Material completed this period

EUP Materials

Units of ENDING WIP

                                   2,400

100%

                     2,400

Units STARTED & COMPLETED

                                29,500

100%

                   29,500

Units of beginning WIP

                                   5,000

0.% [it was already complete with respect to Material]

                            -  

Equivalent Units of Production

                   31,900 = Answer

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

Basic Math
1.2K views

A quality characteristic of interest for a tea-bag filling process is the weight of the tea...

Finance
1.2K views

Let us say that long-term debt has an interest rate and short-term debt does not. Then...

Chemistry
1.2K views

Assume that at the start of the reaction ΔG is a large negative number. As the...

Accounting
1.2K views

In 2020, Martin and Rebecca formed White Corporation.  Martin transfers real estate with an adjusted basis of $260,000...

Geometry
1.2K views

11 Given that cos M in Quadrant II and sin N 17 Give exact answers...

Geometry
1.2K views

30 Given 21 and 23 form a right angle 21 and 22 are complementary Prove...

Calculus
1.2K views

Simplify sec t 1 sec t to an expression involving a single trig function with...

Accounting
1.2K views

The adjustments included in the consolidation worksheet are: I. pre-acquisition entries II. business combination valuation...

Accounting
1.2K views

resented below is information for Ivanhoe Company for the month of January 2017. Cost of...

Accounting
1.2K views

Question 1 (22 marks) Do-it Factor Limited was founded in 1980 to manufacture gaming console...

Accounting
1.2K views

Required information E5-5 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO...

Accounting
1.2K views

4. Betty and Bob are unmarried divorced parents of Jane. Jane is 14 years old...