Metlock Industries began the year with 4,900 stocking hats in WIP Inventory, 20% complete overall. Both conversion costs and DM resources are added to hats evenly throughout the process. Throughout the year, the company started 79.800 more hats, and it had completed 74,600 in total by year-end. Units in ending WIP Inventory were 70% complete overall. Metlock uses the weighted-average method of process costing. Determine equivalent units for this processing department at year-end by completing Step 2 of the template. Total equivalent units DM 79220 Conversion Costs 79220

Metlock Industries began the year with 4,900 stocking hats in WIP Inventory, 20% complete overall. Both conversion costs and DM resources are added to hats evenly throughout the process. Throughout the year, the company started 79.800 more hats, and it had completed 74,600 in total by year-end. Units in ending WIP Inventory were 70% complete overall. Metlock uses the weighted-average method of process costing. Determine equivalent units for this processing department at year-end by completing Step 2 of the template. Total equivalent units DM 79220 Conversion Costs 79220

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 4EA: There were 1,700 units in beginning inventory that were 40% complete with regard to conversion....

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