Question
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 44,200 partially complete gallons. Transferred out, 213,900 gallons. Ending inventory (materials
Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
Beginning inventory, 44,200 partially complete gallons.
Transferred out, 213,900 gallons.
Ending inventory (materials are 20 percent complete; conversion costs are 8 percent complete).
Started this month, 235,200 gallons.
Required:
a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
