1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrew [12]
3 years ago
11

Winkle Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing processing center consi

sted of 5,000 unites, 90% complete with respect to conversion costs. Ending work in process inventory consisted of 2,000 units, 60% complete with respect to conversion costs. If 10,000 units were transferred to the next processing center during the period, how many would the equivalent units for conversion costs be?
a. 10,000 units
b. 12,200 units
c. 12,000 units
d. 6,700 units
Business
1 answer:
Mice21 [21]3 years ago
6 0

Answer:

d. 6,700 units

Explanation:

The computation of the equivalent units for conversion cost by using the FIFO method is shown below:

= Beginning inventory units × remaining percentage + units started and completed + ending inventory units × completion percentage

= 5,000 × 10% + (10,000 - 5,000) + 2,000 × 60%

= 500 + 5,000 + 1,200

= 6,700 units

We simply applied the above formula

You might be interested in
the burden of a tax falls entirely on sellers if group of answer choices the price elasticity of demand is unitary elastic the p
nadezda [96]

B) If the price elasticity of demand is zero, then all of the tax burdens fall on the sellers (perfectly inelastic).

<h3><u>How does price elasticity work?</u></h3>

A measure of a product's consumption change in response to a price change is called price elasticity of demand. Price elasticity is a tool used by economists to analyze how changes in a product's price affect its supply and demand. Supply has an elasticity similar to demand, and it's called the price elasticity of supply.

The relationship between a change in supply and a change in price is referred to as price elasticity of supply. By dividing the percentage change in quantity supplied by the percentage change in price, it is determined. What products are produced at what prices depends on the interaction of the two elasticities.

Learn more about price elasticity with the help of the given link:

brainly.com/question/13565779

#SPJ4

8 0
1 year ago
How is a line of credit similar to a credit card
xxMikexx [17]
They both have preset limits
8 0
3 years ago
Business incubators are a time honored tradition and have been around since the early 1700s. True or false?
Shkiper50 [21]
<span>Business incubators are a time honored tradition and have been around since the early 1700s.
</span>
Ans: its true 
3 0
3 years ago
A nation reaches its steady state equilibrium when
lana66690 [7]
Consumption is maximized
4 0
3 years ago
What is the major purpose of a bank reconciliation statement?
lara31 [8.8K]
Purpose of a bank reconciliation statement.
A bank reconciliation statement is used to compare your record to those of your bank to see if there is difference between the two sets of records. The ending balance of your version of cash records is known as the book balance while the bank`s version is known as bank balance. It is common for there to be a difference in the two balances. The results to the differences might be due to overdrawn bank account, bounced checks and overdraft fees. It is important for you to check the difference because there might be substantial variance between the amount you think you have and that the bank thinks you have. In some cases the bank may even elect to close down your account. 
3 0
3 years ago
Other questions:
  • For each of the following fixed assets, determine the depreciation expense for Year 3: Disposal date is N/A if asset is still in
    12·2 answers
  • What happens if you pay more than the minimum balance on your credit card each month?
    7·2 answers
  • Rubina convinced mariah to start a business with her in a partnership rather than a sole proprietorship. the disadvantage of a s
    5·1 answer
  • The slope of a demand curve is not used to measure the price elasticity of demand because
    11·1 answer
  • country cupboard purchased inventory for $ 4 comma 800 and also paid a $ 360 freight bill. Country Cupboard returned 20​% of the
    6·1 answer
  • All of the following statements are TRUE about variable annuities EXCEPT: (A) Monies invested are professionally managed in acco
    15·1 answer
  • What is the technique used to help groups generate multiple ideas and alternatives for solving problems
    12·1 answer
  • Carnes Electronics sells consumer electronics that carry a 90-day manufacturer’s warranty. At the time of purchase, customers ar
    8·1 answer
  • Assume you are the CFO of a company that has accumulated a significant amount of cash, well beyond its foreseeable needs. The co
    6·1 answer
  • Identify three types of customers that a business serves.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!