Solved

Reference: 16_03
Medina Corp -The Number of Units Transferred to Finished Goods During the the Year

Question 106

Multiple Choice

Reference: 16_03
Medina Corp. had the following information available for the year:
 Beginning inventory of goods in process ( 40% complete,200 unit$1,100) Ending inventory of goods in process (80% complete)  400 unit Total units started during the year3,200 unit\begin{array}{llr} \text { Beginning inventory of goods in process ( \( 40 \% \) complete,} &200 \text { unit}\\ \$ 1,100) \\ \text {Ending inventory of goods in process (80\% complete) } &400 \text { unit}\\ \text { Total units started during the year} &3,200 \text { unit}\end{array}

-The number of units transferred to finished goods during the year is:


A) 3,200 units.
B) 3,000 units.
C) 3,400 units.
D) 3,160 units.
E) 3,500 units.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents