Quinn Corporation produces a product that passes through two processes. During O
ID: 2369867 • Letter: Q
Question
Quinn Corporation produces a product that passes through two processes. During October, the first department transferred 20,000 units to the second department. The cost of the units transferred was $60,000. Materials are added uniformly in the second process. The following information is provided about the second department's operations during October:
Units, beginning work in process (1/3 complete) 6,000 Units, ending work in process (1/2 complete) 4,000
Refer to Figure 6-17. The equivalent units for conversion using FIFO would be Select one: a. 10,000 units. b. 12,000 units. c. 26,000 units. d. 22,000 units.
Quinn Corporation produces a product that passes through two processes. During October, the first department transferred 20,000 units to the second department. The cost of the units transferred was $60,000. Materials are added uniformly in the second process. The following information is provided about the second department's operations during October:
Units, beginning work in process (1/3 complete) 6,000 Units, ending work in process (1/2 complete) 4,000
Refer to Figure 6-17. The equivalent units for conversion using FIFO would be 6,000 4,000 Select one: a. 10,000 units. b. 12,000 units. c. 26,000 units. d. 22,000 units. Select one: a. 10,000 units. b. 12,000 units. c. 26,000 units. d. 22,000 units. a. 10,000 units. b. 12,000 units. c. 26,000 units. d. 22,000 units. Units, beginning work in process (1/3 complete) 6,000 Units, ending work in process (1/2 complete) 4,000
Explanation / Answer
Equivalent Units = 20000 + (6000*2/3)-(4000x1/2) = 20000 + 4000 - 2000 = 22000
Therefore, Answer is d. 22,000 units
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.