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lana66690 [7]
3 years ago
13

In order to compute equivalent units of production using the FIFO method of process costing, work for the period must be broken

down to units A. completed during the period and units in ending inventory.B. started during the period and units transferred out during the period.C. completed from beginning inventory, started and completed during the month, and units in ending inventory.D. processed during the period and units completed during the period.
Business
1 answer:
bazaltina [42]3 years ago
5 0

Answer:

C. completed from beginning inventory, started and completed during the month, and units in ending inventory

Explanation:

During the period, the work done is:

the last part of the beginning WIP

If BI is at 40% complete

During the period 60% is assign to this period cost

the started and complete, those count entirely, as they are finished.

and the equivalent work of the endind inventory

this is also work done during the period, so it should be accounted to assing cost into.

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Explain why the marginal rate of technical substitution is likely to diminish as more and more labor is substituted for capital.
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4 years ago
Lyons Company deducts insurance expense of $210,000 for tax purposes in 2021, but the expense is not yet recognized for accounti
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Answer:

$42,000

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The beginning capital balance shown on a statement of owner's equity is $44,000. Net loss for the period is $13,500 and the owne
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Answer:

See below

Explanation:

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