Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced??

Accounting Mcqs
BILAL KHATTAK0

A. 5,80,000 
B. 5,50,000
C. 5,00,000
D. 5,75,000

Related Mcqs:

  1. Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.?
  2. The beginnings inventory of the current year is overstated by 5,000 and closing inventory is overstated by 12,000. These errors will cause the net income for the current year by?
  3. The General Assembly meets every year in regular sessions beginning every year in ??
  4. Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________??
  5. Find the value of opening stock from the following data. Purchases 1,50,000, Closing stock 30,000 Sales 2,20,000, Gross profit 40,000.?
  6. If goods worth 1,750 returned to a supplier is wrongly entered in sales return book as 1,570, then?
  7. Standard Company had net sales of Rs. 750,000 over the past year. During that time, average receivables were Rs. 150,000. Assuming a 365-day year, what was the average collection period??
  8. Goods sold on the basis of ‘sales or return ‘ should:?
  9. During the year 2011-2012, the value of closing inventory was overstated by 25,000. Which of the following is true??
  10. The person who conducts sales at which goods are sold to the persons making the highest bid or offer is called ____________

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