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8-18 Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 37,900 partially complete gallons. Transferred out, 208,400 gallons. Ending inventory
8-18
Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
- Beginning inventory, 37,900 partially complete gallons.
- Transferred out, 208,400 gallons.
- Ending inventory (materials are 19 percent complete; conversion costs are 9 percent complete).
- Started this month, 240,800 gallons.
Required:
a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
- Beginning inventory, 43,200 partially complete gallons.
- Transferred out, 214,100 gallons.
- Ending inventory (materials are 19 percent complete; conversion costs are 12 percent complete).
- Started this month, 236,100 gallons.
Required:
a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
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