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Company had 4,000 units in its work-in-process (WIP) on January 1. Each unit was 50% complete in respect to conversion costs.

<p><em><strong>During the first quarter,15,000 units were completed. On March31, there were5,000 units in ending WIP that were70% complete in respect to conversion cost. For this product, all of the direct materials are added when the unit enters the facility. How many units did company start during the first quarter?</strong></em></p> <p><em><strong>a-13000</strong></em></p> <p> </p> <p><em><strong>b-15000</strong></em></p> <p> </p> <p><em><strong>c-16000</strong></em></p> <p> </p> <p><em><strong>d-16500</strong></em></p>

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Question added by Deleted user
Date Posted: 2014/10/08
Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

C-16000

Deleted user
by Deleted user

Number of units in beginning WIP + number of units started or transferred in  

= units in ending WIP + Units completed or transferred out 

Units stated +4000  =    5000 +15000

Units started =5000 +15000 -4000 

U.S. =16000 

OPTION C

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

c

Ahmed Abdulgadir
by Ahmed Abdulgadir , Group Head of Internal Audit , NPS-Energy Group

c

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

16500 units

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

The Answer C16000

Thaikkattil Mathew Joshi
by Thaikkattil Mathew Joshi , Group Credit Controller , Gps Group,Dubai.

 

Answer d.16,500=15,000+

 

Joshi Mathew

CIA

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