Monday, December 10, 2012

Which of the following INCORRECTLY reflects what units passed inspection this period

ACCOUNTING

Multiple Choice

Which of the following INCORRECTLY reflects what units passed inspection this period? Assume beginning work in process was completed and ending work in process was started during the period.

Inspection Point at Completion Level

10% 50% 100%

a. Beginning work in process (30% complete) No Yes Yes

b. Started and completed Yes Yes Yes

c. Ending work in process (40% complete) Yes No No

d. Beginning work in process (5% complete) Yes No No

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