COST ACCOUNTING
PROCESS COSTING
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Question
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Kayu Pine Sdn Bhd has 2, 000 units in beginning work in process, 20% complete as to conversion costs, 23, 000 units transferred out to finished goods, and 3, 000 units in ending work in process 30% complete as to conversion costs.The beginning and ending inventory is fully complete as to materials costs. Equivalent units for materials and conversion costs are, respectively:
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22, 000; 23, 900
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24, 000; 26, 000
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26, 000; 23, 900
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26, 000; 26, 000
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Explanation:
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