Question
Clifford company manufactures generic notebooks. material is introduced at the beginning of the process in the printing department. conversion costs are applied uniformly throughout the
Clifford company manufactures generic notebooks. material is introduced at the beginning of the process in the printing department. conversion costs are applied uniformly throughout the process. the weighted-average method of product costing is used. data for the printing department for the month of june follow:
work in process inventory, June 1:
units 15,000
direct materials (100% complete) $34,000
conversion costs (30% complete) $14,000
units started in June 65,000
units completed in June 62,000
work in process inventory, june 30 18,000
direct materials added in June $285,000
conversion costs added in June $210,000
With regard to the work in process inventory on June 30, materials are 100 percent complete and conversion costs are 50 percent complete. What are the equivalent units for conversion costs for June? Show your work
a) 62,000
b) 68,300
c) 71,000
d) 80,000
with regard to the work-in-process inventory on june 30, materials are 100 percent complete and conversion costs are 50 percent complete. what are the equivalent units for conversion costs for june?
a) 62,000
b) 68,300
c) 71,000
d) 80,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started