BASIC FLOWS, EQUIVALENT UNITS Karsen Company produces a pain medication that passes through two departments: Mixing and

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BASIC FLOWS, EQUIVALENT UNITS Karsen Company produces a pain medication that passes through two departments:

Mixing and Tableting. Karsen uses the weighted average method. Data for November for Mixing is as follows: BWIP was zero; EWIP had 2,400 units, 50 percent complete;

and 28,000 units were started.

Tableting’s data for November is as follows: BWIP was 1,600 units, 20 percent complete; and 800 units were in EWIP, 40 percent complete.

Required:

. For Mixing, calculate the following:

a. Number of units transferred to Tableting.

b. Equivalent units of production.

. For Tableting, calculate the number of units transferred out to Finished Goods.

. Suppose that the units in the mixing department are measured in ounces, while the units in Tableting are measured in bottles of 100 tablets, with a total weight of eight ounces (excluding the bottle). Decide how you would treat units that are measured differently, and then repeat Requirement 2 using this approach.

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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