Question
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October:
| Percent Completed | |||||
| Units | Materials | Conversion | |||
| Work in process, October 1 | 55,000 | 85 | % | 60 | % |
| Work in process, October 31 | 33,000 | 71 | % | 53 | % |
The department started 390,000 units into production during the month and transferred 412,000 completed units to the next department.
Required:
Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October:
| Percent Completed | |||||
| Units | Materials | Conversion | |||
| Work in process, October 1 | 55,000 | 85 | % | 60 | % |
| Work in process, October 31 | 33,000 | 71 | % | 53 | % |
The department started 390,000 units into production during the month and transferred 412,000 completed units to the next department.
Required:
Compute the equivalent units of production for October.
|
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Auditing A Business Risk Approach
Authors: Larry E. Rittenberg, Karla Johnstone, Audrey Gramling
7th Edition
0324663722, 978-0324663723
