Asked by Lydia Mazuka on May 31, 2024
Verified
What are the Molding Department's equivalent units related to materials for January?
A) 79,000
B) 86,000
C) 89,000
D) 93,000
Equivalent Units
A concept used in cost accounting to express the amount of work done on incomplete products in terms of fully completed units of output.
Molding Department
A specialized department in a manufacturing facility where molding processes, such as injection molding, are carried out to form parts or products.
- Learn the fundamentals and practical application of equivalent units of production in a process costing setting.
Verified Answer
TS
Tushar Saini DahariaJun 02, 2024
Final Answer :
B
Explanation :
Weighted-average method
Equivalent units of production = Units transferred to the next department or to finished goods + Equivalent units in ending work in process inventory = 79,000 + 1.00 × 7,000 = 86,000
Equivalent units of production = Units transferred to the next department or to finished goods + Equivalent units in ending work in process inventory = 79,000 + 1.00 × 7,000 = 86,000
Learning Objectives
- Learn the fundamentals and practical application of equivalent units of production in a process costing setting.
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