At the Start of June,the Polishing Department of John's Counters,Inc

question 77

Essay

At the start of June,the Polishing Department of John's Counters,Inc.had 15,000 units in beginning inventory that were 100% complete with respect to direct materials and conversion costs.During the month,it received 25,000 units from the Machining Department.It started and completed 17,000 units and transferred 32,000 units to the Packaging Department.It had 8,000 units in ending Work-in-Process Inventory.Direct materials are added at the beginning of the process.Units in beginning Work-in-Process Inventory were 50% complete in respect to conversion costs.Units in ending Work-in-Process Inventory were 40% complete with respect to conversion costs.
Prepare the production cost report for the Polishing Department for the equivalent units of production for the month of June.Use the FIFO method.

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Definitions:

Serial-Position Effect

A phenomenon in memory studies where items at the beginning and end of a list are remembered more easily than those in the middle.

Procedural Memory

A type of long-term memory that involves the unconscious memory of how to perform different actions and skills.

Frontal Lobe

The frontal lobe is a part of the brain located at the front of each cerebral hemisphere, responsible for voluntary movement, expressive language, and managing higher level executive functions.

Short-Term Memory Tasks

Cognitive tasks that require the temporary holding and processing of information over a short period, typically seconds to a minute.