please answer and explain! QUESTION 7 Equivalent units of production are equal t

Question

please answer and explain!

QUESTION 7 Equivalent units of production are equal to: The number of units still in process at the end of a period O The number of units started into the process during a period. O The number of units that could have been started and completed given the costs incurred during the period O The number of finished units actually produced during a period O Physical units that were started and completed during a period QUESTION Which of the following products is least likely to be produced in a process operations system? Custom cabinets Calculatons Compact disks Slacks for casual wear Baseball hats QUESTION A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods manufactured of $32,500, and an ending finished goods inventory of $17,800. The cost of goods sold for this company is: O $32,500. $47,100. O $27,600. O$21,200. O$29,300

Explanation / Answer

1)correct option is "C"

Equivalent unit of production is a equivalent odf units completed during the period (that is percentage of unit completion with respect to material and conversion cost]

8)COrrect option is "A"-custom cabinets

This is an example of job order costing since its a customized job

9)correct option is "E"

cost of goods sold =beginning FG+cost of goods manufactured -ending FG

                = 14600+32500-17800

                   = 29300

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.