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Author Question: The following information is provided by Gibson Company:WIP inventory, January 10 unitsUnits ... (Read 67 times)

fasfsadfdsfa

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The following information is provided by Gibson Company:

WIP inventory, January 10 units
Units started20,000 units
Units completed and transferred out  17,500 units
WIP inventory, December 31  2,500 units
Direct materials $25,300
Direct labour $17,400
Manufacturing overhead $26,700

The units in ending WIP inventory were 85% complete for materials and 35% complete for conversion costs. All manufacturing costs are added during the process.

Required
A. What are the total equivalent units for direct materials?
B. At the end of the year, what are the equivalent units for conversion costs?


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Marked as best answer by fasfsadfdsfa on Jan 5, 2020

Ahnyah

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fasfsadfdsfa

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Reply 2 on: Jan 5, 2020
YES! Correct, THANKS for helping me on my review


6ana001

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Reply 3 on: Yesterday
Gracias!

 

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