Question

In: Accounting

1.Total units to be accounted for less units in beginning work in process equals: Group of...

1.Total units to be accounted for less units in beginning work in process equals:

Group of answer choices

total units accounted for.

units started into production.

2.

A process with no beginning work in process, completed and transferred out 35,000 units during a period and had 14,000 units in the ending work in process that were 50% complete. How much is equivalent units of production for the period for conversion costs?

Group of answer choices

56,000 equivalent units.

28,000 equivalent units.

42,000 equivalent units.

49,000 equivalent units.

equivalent units.

units transferred out.

Expert Solution

· Answer #1
Correct Answer = Option #2
Total Units to be accounted for – Beginning WIP = “Units started into production”

Example:

Units Reconciliation
*Units to account for:*
Beginning WIP	4,100
Units started this period	23,800 [27900 – 4100]
Total Units to account for	27,900

· Answer #2

Equivalent units for conversion cost
= (35000 x 100% complete) + (14000 x 50% complete)
= 35000 + 7000
= 42,000 equivalent units

Correct Answer = Option #3: 42000 EU

ekkarill92 answered 2 years ago

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