The Phelan Company had 14,000 units in beginning work in process, 60% complete. 20,000 units were completed and transferred out du . Ending work in process is 60% complete, which is equivalent to 3,600 whole units for Conversion Costs. Materials are added at the beginning process.
The number of equivalent units for Material costs is
23,600 units
27,000 units
20,000 units
26,000 units
Number of equivalent units for material costs =
Units completed and transferred out + equivalent units in ending work in progress
= 20000 units ×100% + 3600 units
= 20000 units + 3600 units
= 23600 units.
Therefore, the correct answer is option 1st, 23600 units.
The Phelan Company had 14,000 units in beginning work in process, 60% complete. 20,000 units were...
Assume there were 6,000 units in beginning work in process, 60%
complete. 20,000 units were completed during the month. Ending work
in process is 40% complete, which is equivalent to 3,200 units for
conversion costs. Materials are added at the beginning of the
process. The standard cost method is used.
Assume the total conversion costs for the month are $78,400. What
amount of conversion costs are attached to units in ending work in
process inventory? (please show calculation)
$8,960
$12,800...
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