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K Maynard's Hot Sauce uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging
K Maynard's Hot Sauce uses a process costing system to determine its product's cost. The last of the three processes is packaging. The Packaging Department reported the following information for the month of July: (Click the icon to view the reported information for July.) The units in ending work in process inventory were 70% complete with respect to direct materials but only 60% complete with respect to conversion. Requirement Summarize the flow of physical units and compute output in terms of equivalent units in order to arrive at the missing figures (a) through (I). Maynard's Hot Sauce Packaging Department Month Ended July 31 Flow of Production Units to account for: Beginning work in process, July 1 Plus: Transferred in during July Total physical units to account for Units accounted for: Completed and transferred out during July Plus: Ending work in process, July 31 Total physical units accounted for Total Equivalent Units xt pages Get more help Step 1: Flow of Physical Step 2: Equivalent Units Units Transferred- in Direct Materials Conversion Costs 26,000 225,000 31,000 Clear all Check answer Data table 1 2 A Maynard's Hot Sauce Packaging Department Month Ended July 31 Flow of Production B Step 1: Flow of Physical Units D Step 2: Equivalent Units E Transferred-in Materials Direct Conversion Costs 4 3 Units to account for: Beginning work in process, July 1 5 Plus: Transferred in during July 6 Total physical units to account for 26,000 225,000 (a) 7 Units accounted for: 8 Completed and transferred out during July (b) (d) (g) (j) 9 Plus: Ending work in process, July 31 31,000 (e) (h) (k) 10 Total physical units accounted for (c) 11 Total Equivalent Units (f) (i) (1) Get more help Print Done - Clear all Check answer
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