Ron and Hillary Ice Cream Company shows the following information rane :: th e WIP at its
Question:
Ron and Hillary Ice Cream Company shows the following information rane :: th e WIP at its planty 1. Beginning inventory, partially complete.
59920 \
/
a Sterz "4 Transferred out, 22,000 units.
3. Ending inventory, 10,000 units (materials, 20 percent complete; conversion costs, 10 percent complete).
4. Started this month, 25,000 units. TO AApo0 ET / o O99 L088 Required Va Exercise 8.22 IZlae0 Ne
= Fea Dace 329 Exercise 8.21 Equivalent Units Computation, FIFO Method
(Appendix A)
{LO 7)
eee Equivalent Units Computed, Weighted-Average Method
(LO 4)
7000 FR022 =Z ¥Good aZe0o
a. Compute the number of equivalent units for materials using the weighted-average method. ——— ——
b. Compute the number of equivalent units for conversion costs using the weighted-average method.
Step by Step Answer:
Cost Management Strategies For Business Decisions
ISBN: 12
4th Edition
Authors: Ronald Hilton, Michael Maher, Frank Selto