Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process ? Percent complete with respect to materials 75%Percent complete with respect to conversion 50%Costs in the beginning inventory: Materials cost$2,300 Conversion cost$3,600 Units started into production during the month 25,200 Units completed and transferred out during the month 24,000 Costs added to production during the month: Materials cost$98,750 Conversion cost$220,500 Work in process, ending: Units in process 2,000 Percent complete with respect to materials 80%Percent complete with respect to conversion 45%?? How many units
were in the beginning work in process inventory?
A. 600 units
B. 1,400 units
C. 800 units
D. 1,000 units
Answer: C
You might also like to view...
Which of the following code fragments would not raise an error?
A. IF rec_order.state = 'VA' THEN lv_tax_num := rec_order.sub * .06; ELSEIF rec_order.state = 'ME' THEN lv_tax_num := rec_order.sub * .05; ELSE lv_tax_num := rec_order.sub * .04; END IF; B. IF rec_order.state = 'VA' THEN lv_tax_num := rec_order.sub * .06; ELSE IF rec_order.state = 'ME' THEN lv_tax_num := rec_order.sub * .05; ELSE lv_tax_num := rec_order.sub * .04; END IF; C. IF rec_order.state = 'VA' THEN lv_tax_num := rec_order.sub * .06; ELSIF rec_order.state = 'ME' THEN lv_tax_num := rec_order.sub * .05; ELSE lv_tax_num := rec_order.sub * .04; END IF; D. IF rec_order.state = 'VA' THEN lv_tax_num := rec_order.sub * .06; ELS IF rec_order.state = 'ME' THEN lv_tax_num := rec_order.sub * .05; ELSE lv_tax_num := rec_order.sub * .04; END IF;
The balances of the temporary accounts are transferred to Net Income, a permanent account, during the closing process.
Answer the following statement true (T) or false (F)
A tenant at sufferance is a trespasser who has legal rights, because he or she has paid utility and telephone bills at the apartment
Indicate whether the statement is true or false
Which of the following typically does not relate to the role of a controller?
A. A controller supervises the accounting department. B. A controller normally assumes a narrow role within the organization, often preventing the individual's rise to top management ranks. C. A controller safeguards an organization's assets. D. A controller oversees the preparation of reports required by governmental authorities. E. A controller safeguards an organization's assets and a controller normally assumes a narrow role within the organization, often preventing the individual's rise to top management ranks.