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Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,400 partially complete gallons. Transferred out, 210,500 gallons. Ending inventory (materials
Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
Beginning inventory, 42,400 partially complete gallons.
Transferred out, 210,500 gallons.
Ending inventory (materials are 22 percent complete; conversion costs are 11 percent complete).
Started this month, 239,700 gallons.
Required:
Compute the equivalent units for materials using the weighted-average method
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