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syulerio8418
31.05.2020 •
Business
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: • Beginning inventory, 41,000 partially complete gallons. • Transferred out, 207,000 gallons. • Ending inventory (materials are 21 percent complete; conversion costs are 9 percent complete). • Started this month, 243,000 gallons. Assume that beginning inventory is 50 percent complete with respect to materials and 30 percent complete with respect to conversion costs Required: a. Compute the equivalent units for materials using FIFO.
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Ответ:
Total equivalent unit of materials 202,670 units
Explanation:
Under the first-in -first out system, to account for the units completed in a period, it is assumed that the opening inventory units are first completed and the balance represents the newly introduced.
Fully worked represents unit of inventory started this this period and completed this period
Fully worked = completed units - opening inventory
Fully worked = 207000 -41,000 = 166,000 units
Closing inventory = 41,000 + 243,000 - 207,000= 77,000
Item Units Equivalent Units
Opening WIP 41,000 × 50% = 20,500
Fully worked 166,000 × 100% = 166,000
Closing WIP 77,000× 21% = 16,170
Total equivalent unit 202,670
Ответ:
Question: What is 273/9 simplified ?
It would be
It would be 30
It is 30.333333333 in decimal form.
Hope This Helps You!
Good Luck Studying ^-^