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JoyPetro Company refines a variety of petrochemical products. The following data are from the firm's Amarillo plant. Work in progress, July 1 - 1,900,000 liters

JoyPetro Company refines a variety of petrochemical products. The following data are from the firm's Amarillo plant.

Work in progress, July 1 - 1,900,000 liters

Direct material - 100% Complete

Conversion - 30% Complete

Units started in process during July - 750,00 liters

Work in process, July 31 - 250,000 liters

Direct mail - 100% Complete

Conversion - 70% Complete

Required:

Compute theequivalent unitsof direct material and conversion for the month of July.Use theweighted-averagemethod of process costing.

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