If a Processing Department Has 27,000 Units in Process at the Beginning

question 192

Short Answer

If a processing department has 27,000 units in process at the beginning of the period, completes and transfers out 90,000 and has 18,000 units in process at the end of the period, then the number of units started into production during the period was ______________ units.

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Definitions:

Worksheet

A document or tool used by accountants to record and organize financial data, facilitating the preparation of financial statements.

Financial Statements

Formal records of the financial activities and position of a business, including income statement, balance sheet, and cash flow statement.

Multiple Column Form

A document layout that uses more than one column to organize information, often used in accounting to display accounts and figures in a structured manner.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts and prepare the company's books for the next period.