Conlon Chemicals manufactures paint thinner. Information on the work in process follows: . Beginning Inventory, 30,000 partially complete gallons. . Transferred out, 157,500 gallons. . Ending Inventory (materials are 10 percent complete; conversion costs are 20 percent complete). • Started this month, 180,000 gallons. Required: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using the weighted-average method.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: . Beginning Inventory, 30,000 partially complete gallons. . Transferred out, 157,500 gallons. . Ending Inventory (materials are 10 percent complete; conversion costs are 20 percent complete). • Started this month, 180,000 gallons. Required: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using the weighted-average method.
Chapter5: Process Costing
Section: Chapter Questions
Problem 3PB: Vexar manufactures nails. Manufacturing is a one-step process where the nails are forged. This is...
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a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
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