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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

If a diploid cell is 2N=8, draw the chromosomes of the following. How many chromosomes and...

Biology
Q

What was anegativeconsequence ofhumans beinghunter-gatherers?A. they needed to stay inone location for foodB. they cultivated...

Biology
Q

7 0 8 5 3 0 5 15 pts Find the characteristic polynomial of the...

Basic Math
Q

Next Problem 1 point The polynomial of degree 3 P x has a root of...

Basic Math
Q

Solve the equation on the interval [0, 2TT).cos x - 2 cos x sin x...

Basic Math
Q

Name that variable A survey of a large college class asked the following questions 1...

Statistics
Q

Evaluate the following expression, using a calculator if necessary. If the answer does not exist,...

Algebra
Q

3 At a grocery store peppers cost 1 25 a pound How much money would...

Algebra
Q

Do It! Review 11-3a Blue Spruce Corp. has 2,100 shares of 7%, $102...

Accounting
Q

i got required 1 (51135) but i need help with required 2 and 3. thank...

Accounting
Q

1 How do we record the interest payment (provide examples for both premium and discount...

Accounting
Q

Need Answers on 2a Matheson Electronics has just developed a new electronic device...

Accounting