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Home Q & A Board Other Fields Homework Help Business Economics
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ashly138 ashly138
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6 years ago
Beginning inventory contained 5,000 units of goods that were 40 percent complete as to direct material, and 50 percent complete as to conversion. What is the equivalent units completed for materials and conversion at the beginning of the year, respectively? Assume that both types of costs are incurred evenly throughout the process.
A) 5,000 and 5,000
B) 1,000 and 5,000
C) 3,000 and 2,500
D) 2,000 and 2,500
E) 0 and 5,000
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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#1
6 years ago
D
Explanation:  D) Materials (0.40 × 5,000)   2,000 units
Conversion (0.50 × 5,000)   2,500 units
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