In a Particular Department,8,200 Units Were Started and All but 800

question 203

Multiple Choice

In a particular department,8,200 units were started and all but 800 were completed at the end of the period.These 800 were 80% complete for materials and 30% for conversion costs.Costs added were $55,400 for materials and $52,100 for conversion costs.What is the total number of equivalent units for conversion costs?

• A)8,200
• B)8,040
• C)8,440
• D)7,640

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Definitions:

Fees Earned

Income generated from providing services, regarded as a revenue for the entity performing the service.

Rent Revenue

Earnings from property that is leased to others for use.

Revenue Accounts

Accounts that track the income earned from a company's primary operations and other activities.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts.