The production report for Phillips Industries, which had no beginning inventory at the beginning of the month, included the following information for September: Number of Units Completion Units started in production 81,000 . Units transferred to finished goods 72,000 . If the equivalent units for September's production were 77,400 . how many units were in process at the end of the month, and how
complete were they?
a. 9,000 . 30%
b. 9,000 . 60%
c. 3,000 . 90%
d. 6,000 . 90%
b
You might also like to view...
What assumptions about human nature and motivation are key to pay for performance plans?
What will be an ideal response?
The reduction of individual contributions when people work in groups rather than alone refers to:
a. Social loafing b. Free-riding c. The “sucker effect” d. Social facilitation
How is the net worth of a firm calculated??
A. ?Net worth = Current assets minus current liabilities B. ?Net worth = Total assets minus current liabilities C. ?Net worth = Total liabilities minus current assets D. ?Net worth = Total assets minus total liabilities E. ?Net worth = Total liabilities minus current liabilities
For accord and satisfaction to occur, the amount of the debt cannot be in dispute
Indicate whether the statement is true or false