Answered

At Westonci.ca, we provide clear, reliable answers to all your questions. Join our vibrant community and get the solutions you need. Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

The Finishing Department had 6,800 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 40% complete as to conversion costs. 18,600 units were received from the previous department. The ending Work-in-Process Inventory consisted of 3,800 units which were 50% complete as to materials and 40% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. How many units were started and completed during the period

Sagot :

Zviko

Answer:

14,800 units

Explanation:

To understand units started and completed principle, ask yourself, "Out of the units Started during the year, how many units were Completed?"

Since we are using FIFO the units in Inventory will be worked on first followed by the units introduced in process during the year.

So this can be calculated out of units completed as follows :

Units started and completed = Units Started - Units in Ending Work in Process

therefore,

Units started and completed = 18,600 - 3,800 = 14,800 units

Conclusion :

Units started and completed during the period were 14,800 units.

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.