Chelseas Chocolate Pies collected the following production information relating to Novembers baking operations: Requirements Complete the first
Question:
Chelsea’s Chocolate Pies collected the following production information relating to ÂNovember’s baking operations:
Requirements
Complete the first two steps in the process costing procedure:
1. Summarize the flow of physical units.
2. Compute output in terms of equivalentunits.
Transcribed Image Text:
Physical Direct Materials (% complete) Conversion Costs 1% complete) Units Beginning work in process... 204,000 154,000 Ending work in process 75% 80% Units started during the month...... 1015,000
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