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Check my work Grand River Company produces a high-quality insulation material that passes through two production processes. Data for November for the first process
Check my work Grand River Company produces a high-quality insulation material that passes through two production processes. Data for November for the first process follow: Completion with Respect Units to Materials Work in process inventory, November 1 109,000 50% Completion with Respect to Conversion 25% Work in process inventory, November 30 104,000 45% 20% Materials cost in work in process inventory, November 1 Conversion cost in work in process inventory, November 1 $ 67,580 $ 50,140 Units started into production 520,000 Units transferred to the next process Materials cost added during November Conversion cost added during November Required: 1. Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for November for the first process. 525,000 $ 515,656 $ 364,668 Materials Conversion Equivalent units of production
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