Ending WIP inventory has 100 units that are 70% complete for direct materials and 20% complete for conversion costs. For calculating costs per equivalent unit, which of the following statements is true?
A) The denominator would include 100 units for both.
B) The denominator would include 70 units for direct materials and 20 for conversion.
C) The denominator would include 20 units for direct materials and 80 for conversion.
D) You cannot determine what constitutes the denominator.
Correct Answer:
Verified
Q138: At Sunrise Corporation, direct materials are added
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Q140: At Hodgson Corporation, direct materials are added
Q141: The Jones Corporation uses a process system.
Q141: Assume 12,500 units were in beginning WIP;45,200
Q145: During a period, 38,200 units were completed
Q145: There are 34,400 units started.25,600 were completed
Q146: There are 35,000 units started.25,600 were completed
Q147: The Jones Corporation uses a process system.
Q149: In a particular department,8,200 units were started
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