Use the Following Information to Perform the Calculations Requested Below,assuming

question 65

Essay

Use the following information to perform the calculations requested below,assuming that the FIFO costing approach to a process costing system is being used.
Beginning work in process inventory: 6,000 units,100 percent complete as to direct materials,75 percent complete as to conversion costs
Ending work in process inventory: 18,000 units,100 percent complete as to direct materials,65 percent complete as to conversion costs
Units started during the month: 44,000
a. Calculate units started and completed during the month.
b. Calculate units to be accounted for during the month.
c. Calculate equivalent units for conversion costs.
d. Calculate equivalent units for direct materials.

---

Definitions:

Negative Externality

An economic situation where a third party is negatively affected by the actions of others, typically not reflected in the cost of those actions, such as pollution.

Common-Resource Problem

A dilemma in the management of resources that are available to all but are susceptible to overuse and depletion because they are not excludable.

Nontoll Roads

Public roads that can be used without paying a fee, financed by taxes rather than direct user charges.

Public Goods

Products or services that are non-excludable and non-rivalrous, meaning they can be consumed by one person without preventing simultaneous consumption by others.