question archive on 50 arod dout of QRS Company makes fabric covered hatboxes
on 50 arod dout of QRS Company makes fabric covered hatboxes
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on 50 arod dout of QRS Company makes fabric covered hatboxes. The company began September with 500 boxes in process that were 100 percent complete as to cardboard. 80 percent complete as to clothe, and 60 percent complete as to conversion costs. During the month 3,300 boxes were started. On September 30, 350 boxes were in process (100 percent complete as to cardboard. 70 percent complete as to cloth and 55 percent complete as to conversion costs) ng Lion What is the equivalent units of production for the month using FIFO method in Cardboard Cloth and Conversion respectively? Select one: A. 3.800 3295 3.24250 FI 83,300 3.295 334250 0 3,300 2.695 364250 D3B00 3696 304260 PREVIOUS PAGE FINISH ATTEMPT W 22 MacBook Air
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B. 3,300 3,295 3342.50
Equivalent Units = Opening not completed + Purchase and completed + closing completed
Cardboard = 0 + 3300 *100% + 0
Cloth = (500 * 20%) + (3300-350) * 100% + (350 * 70%) = 3,295
Conversion = = (500 * 40%) + (3300-350) * 100% + (350 * 55%) = 3,342.50
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