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Activities in the Sargent Corporation's Assembly Department for the month of March follow: Percent Complete Units Materials Conversion Work-in-process inventory, March 1 7,000 70 %
Activities in the Sargent Corporation's Assembly Department for the month of March follow:
| Percent Complete | ||||||
| Units | Materials | Conversion | ||||
| Work-in-process inventory, March 1 | 7,000 | 70 | % | 35 | % | |
| Started into production during March | 66,000 | |||||
| Work-in-process inventory, March 31 | 5,000 | 45 | % | 30 | % | |
Using the weighted-average method, the equivalent units for conversion for March would be:
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Financial Accounting 101 An Investment In Knowledge Pays The Best Interest Benjamin Franklin
Authors: Daniel Arellano
1st Edition
979-8633540260
