Question
Jelly Products work in process T account for July month is: Work In process Debit side: Inventory Jul 1 : 63,700 Materials397,600 Conversion187,600 What is
Jelly Products work in process T account for July month is:
Work In process Debit side:
Inventory Jul 1 : 63,700
Materials397,600
Conversion187,600
What is the ending Inventory for July?
How many units were completed and transferred to the next department? (credit side)
The July 1 work in process inventory consisted of 35,000 pounds with $43,400 in materials cost and $20,300 in conversion cost.
The July Work in process was 100% complete with respect to materials and with respect to conversion was 80% complete.
During July, 280,000 were started into production.
The July 31 inventory consisted of 45,000 pounds that were 100% complete with respect to Materials and 60% complete with respect to conversion.
The company uses the weighted average method to account for units and costs.
Calculate the equivalent units of production for July.
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