Fox Corporation
Fox Corporation.has the following information for August:
$\begin{array}{lc}
\text { Beginning Work in Process Inventory } & \
\text { (70\% complete as to conversion) } & 6,000 \text { units } \
\text { Started } & 24,000 \text { unit }\
\text { Ending Work in Process Inventory } & \ \
\text { (10\% complete as to conversion) } & 8,500 \text { units } \
\text { Beginuing WIP Inventory Costs: } & \
\text { Material } &\$ 23,400\
\text { Conversion } & 50,607
\end{array}$
Current Period Costs:
Material $ \$ 31,500 $
Conversion $ 76.956 $
All material is added at the start of the process and all finished products are transferred out.
Refer to Fox Corporation.How many units were transferred out in August?

Question

Fox Corporation
Fox Corporation.has the following information for August:
$\begin{array}{lc}
\text { Beginning Work in Process Inventory } & \
\text { (70\% complete as to conversion) } & 6,000 \text { units } \
\text { Started } &  24,000 \text { unit }\
\text { Ending Work in Process Inventory } & \ \
\text { (10\% complete as to conversion) } & 8,500 \text { units }  \
\text { Beginuing WIP Inventory Costs: } & \
\text { Material } &\$ 23,400\
\text { Conversion } & 50,607
\end{array}$
Current Period Costs:
Material                                                                                $ \$ 31,500 $
Conversion                                                                            $ 76.956 $
All material is added at the start of the process and all finished products are transferred out.
Refer to Fox Corporation.How many units were transferred out in August?

Quizplus · Accepted Answer

The units transferred out can be calculated by adding the units started to the beginning inventory and then subtracting the ending inventory: $6,000 + 24,000 - 8,500 = 21,500$ units.

Fox Corporation Fox Corporation Current Period Costs: Material &Nbsp; &Nbsp; &Nbsp; &Nbsp; &Nbsp; &Nbsp;

Fox Corporation
Fox Corporation Current Period Costs:
Material &Nbsp; &Nbsp; &Nbsp; &Nbsp; &Nbsp; &Nbsp;