Question
Chemical X is compromized of two liquids liquid A and liquid B. the formula of chemical X is 60% liquid A. 40% liquid B. 75%
Chemical X is compromized of two liquids liquid A and liquid B. the formula of chemical X is 60% liquid A. 40% liquid B. 75% of the mixed liquid is added at the beginning of the process, 25% is added at the very end. this month liquid A cost $50 per gallon. Liquid B is $30 per gallon. at the beginning of the month there was 1000 gallons in process, 75% through the process. the total cost in beginning WIP is 31,500 for materials and 20,975 for conversion cost. during the month 10,000 gallons were started. conversion cost were 343,000 for the month. compute direct materials cost (hint use DM EUP under FIFO) at the end of the month there were 1500 gallons in process 70% through the process.
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