revor Mills produces agricultural feed at its only plant. Materials are added at the beginning of the process. Information on work-in- process in December follows: Beginning Inventory, 18,000 partially complete units, 10 percent complete with respect to conversion costs. Units started in December, 79,000 units. Units transferred out in December, 75,000 units. Ending Inventory, 22,000 units, 62 percent complete with respect to conversion costs. Required: Compute the equivalent units for materials and conversion costs for December using the weighted-average method. Equivalent Units Materials Conversion Costs
revor Mills produces agricultural feed at its only plant. Materials are added at the beginning of the process. Information on work-in- process in December follows: Beginning Inventory, 18,000 partially complete units, 10 percent complete with respect to conversion costs. Units started in December, 79,000 units. Units transferred out in December, 75,000 units. Ending Inventory, 22,000 units, 62 percent complete with respect to conversion costs. Required: Compute the equivalent units for materials and conversion costs for December using the weighted-average method. Equivalent Units Materials Conversion Costs
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 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...
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