During January, the Farnell Furniture Company produced 30,000 high-quality furniture sets: 7,500 from the January 1 work-in-process inventory and 22,500 from units started during the month. The January 30 work-in-process inventory consisted of 7,000 units 50% complete as to direct materials and 40% finished as to conversion costs. The January 1 inventory of work-in-process was 50% finished as to direct materials and conversion costs. The number of units started in production during January was:
A) 22,000
B) 22,500
C) 29,500
D) 30,000
Correct Answer:
Verified
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Q114: Assume the following information for April:
Q115: The last department in a production process
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Q119: Berry Corporation began making scented body lotion
Q120: In process cost accounting:
A) A materials requisition
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