Question
A company operates a three process as its plastic plant. The following data pertain of the assembly department for December 2019. Work in process beginning
- A company operates a three process as its plastic plant. The following data pertain of the assembly department for December 2019.
- Work in process beginning inventory 25,000 units:
- Transferred in cost ( 100% complete)
- Direct materials ( 0% complete)
- Conversion cost (80% complete)
Transferred in during current period 100,000 units and completed and transferred out during current period 110,000 units.
- Work in process, ending inventory 20,000 units
- Transferred in cost( 100 % complete)
- Direct Materials (0% complete)
- Conversion cot (40% complete)
Required: Calculate the equivalent units under 1) the weighted average method and 2) FIFO method
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Mis And Edp Auditing For Accountants And Auditors
Authors: Srv
1st Edition
9993730351, 978-9993730354
