Question
Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 5,200 tons in beginning work in process inventory (30% complete) on October
Equivalent Units of Materials Cost
The Rolling Department of Kraus Steel Company had 5,200 tons in beginning work in process inventory (30% complete) on October 1. During October, 86,600 tons were completed. The ending work in process inventory on October 31 was 4,300 tons (40% complete).
What are the total equivalent units for direct materials for October if materials are added at the beginning of the process? units
Equivalent Units of Conversion Costs
The Rolling Department of Kraus Steel Company had 5,677 tons in beginning work in process inventory (50% complete) on October 1. During October, 81,100 tons were completed. The ending work in process inventory on October 31 was 7,299 tons (90% complete).
What are the total equivalent units for conversion costs? Round to the nearest whole unit. units
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Business Accounting Volume 2
Authors: Frank Wood
4th Edition
0582413435, 978-0582413436
