Use the Following Information to Perform the Calculations Requested Below

question 35

Essay

Use the following information to perform the calculations requested below, assuming that the average 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 completed and transferred out 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.

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Definitions:

Female

Referring to the sex of an organism, or part of an organism, which is characteristic of producing non-mobile ova (egg cells) and typically possessing XX chromosomes in mammals.

At Most

A term used to indicate a maximum limit or boundary in mathematical expressions or everyday language.

One Ace

Refers to having a single ace card in a game or situation, often symbolizing a minimal advantage.

Random Cards

A selection of cards from a deck without any specific order or pattern.