The Chart Company Has a Process Cost System

question 75

Multiple Choice

The Chart Company has a process cost system.All materials are added when the process is first begun.At the beginning of September,there were no units of product in process.During September 50,000 units were started;5,000 of these were still in process at the end of September and were 3/5 finished.The equivalent units for the conversion costs in September were:

• A) 40,000.
• B) 45,000.
• C) 48,000.
• D) 50,000.

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