Question

mistake, the production supervisor transposed the digits on the production report and reported a higher percentage of completion for each inventory

component. Assume that there was no beginning inventory. What is the effect of this error on the following:

i. The computation of total equivalent units.

ii. The computation of costs per equivalent unit.

iii. Costs assigned to cost of goods transferred out for the p​

Answer 1

mistake, the production supervisor transposed the digits on the production report and reported a higher percentage of completion for each inventory

component. Assume that there was no beginning inventory. What is the effect of this error on the following:

i. The computation of total equivalent units.

ii. The computation of costs per equivalent unit.

iii. Costs assigned to cost of goods transferred out for the pmistake, the production supervisor transposed the digits on the production report and reported a higher percentage of completion for each inventory

component. Assume that there was no beginning inventory. What is the effect of this error on the following:

i. The computation of total equivalent units.

ii. The computation of costs per equivalent unit.

iii. Costs assigned to cost of goods transferred out for the p