The finishing department had 5,000 incomplete units in its beginning work-in-process inventory which were 100% complete as to materials and 30% complete as to conversion costs. 15,000 units were received from the previous department. the ending work-in-process inventory consisted of 2,000 units which were 50% complete as to materials and 30% complete as to conversion costs. the finishing department uses first-in, first-out (fifo) process costing. what are the equivalent units of production for materials during the period? multiple choice
a. 12,000.
b. 13,000.
c. 14,000.
d. 15,000.

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)