question archive At the beginning of the month, the Forming Department of Martin Manufacturing had 10,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion
At the beginning of the month, the Forming Department of Martin Manufacturing had 10,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion
Subject:AccountingPrice:2.87 Bought7
At the beginning of the month, the Forming Department of Martin Manufacturing had 10,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion. During the month the department started 60,000 units and transferred 62,000 units to the next manufacturing department. At the end of the month, the department had 8,000 units in inventory, 80% complete as to materials and 60% complete as to conversion. How many units did the Forming Department start and complete in the current month?
Multiple Choice
-
62,000
-
60,000
-
58,000
-
68,000
-
52,000
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
Answer-----------52000
Working
| Units | |
| Beginning WIP | 10,000 |
| Units introduced | 60,000 |
| Total units to be accounted for | 70,000 |
| Completed and Transferred unit | 62,000 |
| Ending WIP | 8,000 |
.
| Total Units | |
| Units Transferred: | |
| From WIP | 10,000 |
| From units started/Introduced | 52,000 |
| Total | 62,000 |
