Smith Co started 40 000 units into production during the current period and completed 28 000.The other 12 000 units were 30% complete as to conversion costs at the end of the period.Total costs were $60 000 for material and $36 000 for conversion costs.
Material is added at the beginning of the production process.Unit raw material and conversion costs for the period were: $$\begin{array} { l l c }
& \text { Raw materials cost } & \text { Conversion cost } \
\text { a. } & \$ 5.00 & \$ 10.00 \
\text { b. } & \$ 1.50 & \$ 10.00 \
\text { c. } & \$ 5.00 & \$ .90 \
\text { d. } & \$ 1.50 & \$ 1.14
\end{array}$$

Question

Smith Co started 40 000 units into production during the current period and completed 28 000.The other 12 000 units were 30% complete as to conversion costs at the end of the period.Total costs were $60 000 for material and $36 000 for conversion costs.
Material is added at the beginning of the production process.Unit raw material and conversion costs for the period were: $$\begin{array} { l l c } 
& \text { Raw materials cost } & \text { Conversion cost } \
\text { a. } & \$ 5.00 & \$ 10.00 \
\text { b. } & \$ 1.50 & \$ 10.00 \
\text { c. } & \$ 5.00 & \$ .90 \
\text { d. } & \$ 1.50 & \$ 1.14
\end{array}$$

Quizplus · Accepted Answer

The Answer of Smith Co started 40 000 units into production during the current period and completed 28 000.The other 12 000 units were 30% complete as to conversion costs at the end of the period.Total costs were $60 000 for material and $36 000 for conversion costs.
Material is added at the beginning of the production process.Unit raw material and conversion costs for the period were: $$\begin{array} { l l c } 
& \text { Raw materials cost } & \text { Conversion cost } \
\text { a. } & \$ 5.00 & \$ 10.00 \
\text { b. } & \$ 1.50 & \$ 10.00 \
\text { c. } & \$ 5.00 & \$ .90 \
\text { d. } & \$ 1.50 & \$ 1.14
\end{array}$$

Smith Co Started 40 000 Units into Production During the Current