Question

The phantom corporation started 4,800 units during february. phantom started the month with 700 units in process (40% complete) and ended the month with 400 units in process (40% complete). how many units were transferred to the finished goods inventory during february? rev: 03_04_2017_qc_cs-81379 5,100. 5,500. 5,380. 4,400.

Answer 1

We were told they produced 700 units. So far so good, but I would like to ask 40% of how many total initialnunits? Let the unit be X so we have 40% * X = 700 units and similarly 40% * X = 400units. So we have that X = 700/.4 and X = 400/.4 this gives 1750 and 1000 units respectively. Total units transferred to the finished goods is 1750 + 1000 = 2750 units. With 4800-2750 =2050 still needing to be be produced.