Department Y started 675 units during the accounting period. They had a beginning balance in goods in process inventory of 225 u

Question

3 years ago

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Department Y started 675 units during the accounting period. They had a beginning balance in goods in process inventory of 225 u

nits and an ending balance of 150 units. _____ units were completed and transferred out.
a. 750
b. 620
c. 650
d. None of above

Business

1 answer:

Gnoma [55] · Answer 1 · 2022-03-02T18:09:38+03:00

Answer:

a. 750

Explanation:

units completed and transferred out = beginning work in process + units started - ending work in progress = 225 units + 675 units - 150 units = 750 units

The number of units completed and transferred out refer to the total number of finished units during a certain period and their cost is referred to as cost of goods manufactured.