In Macadoo Company, materials are entered at the beginning of each process. Work in process inventories, with
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In Macadoo Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2012 are as follows.
Instructions(a) Compute the physical units for January and May.(b) Compute the equivalent units of production for (1) materials and (2) conversion costs for each month.
Transcribed Image Text:
Beginning Work in Process Ending Work in Process Conversion Cost% Units Transferred Out Conversion Month Units Units 2,000 3,000 5,000 1,500 Cost% 60 30 January 7,000 March May July 12,000 80 40 10,000
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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