a profit-maximizing firm in a perfectly competitive industry a profit-maximizing

Question

a profit-maximizing firm in a perfectly competitive industry a profit-maximizing firm in a perfectly competitive industry a profit-maximizing firm in a perfectly competitive industry D RU Home Page My RU Login R McConnell Llbrary Ask a Librarian APA MLA Chicago DuibGudes connect. ACCOUNTING 212 Final Exam (Fall 2017) value 3.70 points Baker Corporation uses the welghted-average method in its process costing system. The Assembly Department started the month with 9,800 units in its beginning work 1n process inventory that were 80% complete with respect to conversion costs. An additional 98,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 15,500 units in the ending work in process inventory of the Assembly Department that were 80% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month? O 96.860 O 104700 O 103,700 O 92.300

Explanation / Answer

104,700 Units Statement of Equivalent production Particulars Conversion %completion Equivalent Conversion Opening WIP                9,800.00 100%                    9,800.00 Units started and completed=98000 - 15500              82,500.00 100%                 82,500.00 ending WIP              15,500.00 80%                 12,400.00 Equivalent Units               104,700.00

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