The following information is for douglas manufacturing company for the month of may. All materials are added at the beginning of the production process. Beginning inventory 2,350 units, 40% complete direct materials $7,200 conversion $1,100 current month?s data 10,120 units started direct materials $51,612 conversion $53,904 ending inventory 1,000 units, 70% complete compute equivalent units of production.

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02-08-2022
Business

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The following information is for douglas manufacturing company for the month of may. All materials are added at the beginning of the production process. Beginning inventory 2,350 units, 40% complete direct materials $7,200 conversion $1,100 current month?s data 10,120 units started direct materials $51,612 conversion $53,904 ending inventory 1,000 units, 70% complete compute equivalent units of production.

Sagot :

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Tutorconsortium361 Tutorconsortium361 · Answer 1 · 2022-08-08T04:52:02-04:00

70% complete compute equivalent units of production.

What is production?

Production is the process of mixing several material and immaterial inputs to create something for consumption. It is the act of producing an output, such as a good or service, that has value and contributes to people's utility.

Land, labour, capital, and entrepreneurship are the four production factors.

Production has six sides, according to Peterson and Anand (2004): technology, law and regulation, industry structure, organisational structure, professional careers, and market.

The four elements of production are inputs utilised in various combinations to produce goods and services for a profit. Land, labour, capital, and entrepreneurship are the production factors. They are the supply inputs required.

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What is production?

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