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Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units worked on during the period. Beginning Ending Work in Process Work in Process Conversion Conversion Complete Units Units Complete Started (percent) Units (percent) Month Units Transferred Out February 1,700 45 19,100 7,500 29 4,300 3,900 June 66 24,100 39 September 20 25,900 25,000 3,200 55 December 3,500 32 22,000 21,100 74 2. Calculate the number of equivalent units for both materials and conversion for each month using the weighted-average method Equivalent Units Conversion Month Materials February June September December

Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units worked on during the period. Beginning Ending Work in Process Work in Process Conversion Conversion Complete Units Units Complete Started (percent) Units (percent) Month Units Transferred Out February 1,700 45 19,100 7,500 29 4,300 3,900 June 66 24,100 39 September 20 25,900 25,000 3,200 55 December 3,500 32 22,000 21,100 74 2. Calculate the number of equivalent units for both materials and conversion for each month using the weighted-average method Equivalent Units Conversion Month Materials February June September December

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 8E: a. Based upon the data in Exercise 17-7, determine the following for December: 1. Direct materials...
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Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units worked on during the period. Beginning Ending Work in Process Work in Process Conversion Conversion Complete Units Units Complete Started (percent) Units (percent) Month Units Transferred Out February 1,700 45 19,100 7,500 29 4,300 3,900 June 66 24,100 39 September 20 25,900 25,000 3,200 55 December 3,500 32 22,000 21,100 74 2. Calculate the number of equivalent units for both materials and conversion for each month using the weighted-average method Equivalent Units Conversion Month Materials February June September December
Transcribed Image Text:Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units worked on during the period. Beginning Ending Work in Process Work in Process Conversion Conversion Complete Units Units Complete Started (percent) Units (percent) Month Units Transferred Out February 1,700 45 19,100 7,500 29 4,300 3,900 June 66 24,100 39 September 20 25,900 25,000 3,200 55 December 3,500 32 22,000 21,100 74 2. Calculate the number of equivalent units for both materials and conversion for each month using the weighted-average method Equivalent Units Conversion Month Materials February June September December
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