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#1 on my hw. Please post the answer so that i can see it. thanks The Evanston plant of Fit-for-Life Foods Corporation produces low-fat salad
#1 on my hw. Please post the answer so that i can see it. thanks
The Evanston plant of Fit-for-Life Foods Corporation produces low-fat salad dressing. The following data pertain to the year just ended Work in process, January 1 Work in process, December 31 Units 31,000 lb. 26,000 lb. Percentage of completion Direct Material Conversion 704 500 601 358 During the year, the company started 107,000 pounds of material in production Required: Prepare a schedule analyzing the physical flow of units and computing the equivalent units of both direct material and conversion for the year. Use weighted average process costing. CALCULATION OF EQUIVALENT UNITS: FIT-FOR-LIFE FOODS CORPORATION Weighted Average Method Percentage of Completion Equivalent Units Physical Units Direct Material Conversion Direct Material Conversion % % Total units to account for % % % % Total units accounted for Total equivalent units Step by Step Solution
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