Question

Stoltenberg Co. had the following information for the month of June: Work in process beginning inventory, June 1 4,000 units Units transferred in 13,000 units Work in process ending inventory, June 30 3,000 units Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process. The equivalent units for transferred-in costs under the FIFO method are calculated to be

Answer 1

Answer:

Answer added by Mark Angelo Damuag, Financial Analyst , Evacare Management Consultancy Inc

5 years ago

It would result to a b. gain of $700....

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