Gorski Ltd

question 13

Multiple Choice

Gorski ltd. began operations on January 1 of the current year. The company uses a process-costing system, and conversion costs are incurred evenly throughout the manufacturing process. By January 31, the firm had completed 56,000 units. Which of the following statements could be true about the ending work-in-process inventory if equivalent units for conversion cost totalled 59,000 units?

• A)There is no ending work-in-process inventory.
• B)The ending work-in-process inventory totalled of 3,000 physical units.
• C)The ending work-in-process inventory of 10,000 physical units was 30% complete.
• D)The ending work-in-process inventory of 20,000 physical units was 85% complete.
• E)The ending work-in-process inventory of 30,000 physical units was 90% complete.

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Definitions:

Amazon

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