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I need part two answered Please! Requirement 1. Compute the equivalent units in the mixing department for July 2014 for each cost category. (Enter a
I need part two answered Please!
Requirement 1. Compute the equivalent units in the mixing department for July 2014 for each cost category. (Enter a "O" for any zero balances.) Equivalent Units Conversion Physical Units Chemical P Chemical Q Costs Work in process, beginning Started during current period To account for Completed and transferred out during current period Work in process, ending Accounted for Equivalent units of work done in current period Requirement 2. Compute (a) the cost of goods completed and transferred to the refining department during July and (b) the cost of work in process as of July 31, 2014 Begin by computing the cost per equivalent unit for each cost category. 53,000 53,000 38,500 14,500 53,000 38,500 14,500 38,500 38,500 8,700 53,000 38,500 47.200 Conversion Chemical P Chemical Q Costs Divide by Cost per equivalent unit
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