On April 30, 2013, Leander Co. had 21,600 units in process that were 85 percent complete as

Question:

On April 30, 2013, Leander Co. had 21,600 units in process that were 85 percent complete as to material, 60 percent complete as to direct labor, and 45 percent complete as to overhead. During May, 561,000 units were started. The 13,700 units in were 75 percent complete as to material, 25 percent complete as to direct labor, and 10 percent complete as to overhead.
a. Calculate the physical units to account for in May.
b. How many units were started and completed during May?
c. Determine May’s EUP for each category using the weighted average method.
d. Determine May’s EUP for each category using the FIFO method.
e. Reconcile your answers to parts (c) and (d).

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...