Question
Cleanex Labs. Inc., uses a process costing system. The following data are available for one department for March. ----------------------------------------------------------Percent Completed ---------------------------------------------------Units -- Materials -- Conversion
Cleanex Labs. Inc., uses a process costing system. The following data are available for one department for March.
----------------------------------------------------------Percent Completed
---------------------------------------------------Units -- Materials -- Conversion
Work in Process, March 1 -------------60,000 -- 65% --------- 30%
Work in Process, March 31----------- 30,000 --- 80%---------- 40%
The department started 350,000 units into production during the month and transferred 380,000 completed units to the next department.
Required: Compute the equivalent units of production for March assuming that the company uses the weighted-average method of accounting for units and costs.
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