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Question - Novak - Rafa Tennis Company produces tennis balls sequentially in two processes in two departments. At the beginning of a period, Department 2 had 3000 units, which were 50 per cent are to conversion cost. During the period, 15,000 units were completed and transferred from Department 1 to Department 2. At the end of the period, Department 2 had 4000 units, which were 20 percent are to conversion costs. How many units were completed and transferred from Department 2 during the period?
a. 14,000
b. 12,500
c. 15,700
d. 11,000
The cost of goods sold reported on the income statement was $185,000. Determine the amount of cash paid for merchandise
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