Ask Question
27 February, 09:51

Oxford, Inc., which uses a process-cost accounting system, began operations on January 1 of the current year. The company incurs conversion cost evenly throughout manufacturing. If Oxford started work on 3,000 units during the period and these units were 70% of the way through manufacturing, it would be correct to say that the company has:

+1
Answers (1)
  1. 27 February, 09:58
    0
    3,000 physical units in the production

    Explanation:

    Given that,

    Oxford started work on 3,000 units during the period

    Units were 70% of the way through manufacturing

    Therefore,

    Physical units in the production = 3,000 units

    Equivalently units of production is as follows:

    = 70% of Physical units in the production

    = 0.7 * 3,000 units

    = 2,100 units

    Hence, it would be correct to say that the company has 3,000 physical units in the production.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Oxford, Inc., which uses a process-cost accounting system, began operations on January 1 of the current year. The company incurs conversion ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers