Question
Murray Chemical Company refines a variety of petrochemical products. These data are from the firms Houston plant: Work-in-process inventory, September 1 4,680,000 gallons Direct materials
Murray Chemical Company refines a variety of petrochemical products. These data are from the firms Houston plant: Work-in-process inventory, September 1 4,680,000 gallons Direct materials 50 % completed Conversion 20 % completed Units started in process during September 5,060,000 gallons Work-in-process inventory, September 30 3,260,000 gallons Direct materials 40 % completed Conversion 60 % completed Required: 1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method. 2. Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method.
Murray Chemcal Company refines a variety of petrochemical products. These data are from the firm's Houston plant Work-in-process inventory, September 1 4,680,000 gallona Direct materiala Conversion 508 completed 208 completed Units started in process during september Work-in-process inventory, September 30 5,060,000 ,260,000 gallona Direct materials Conversion 40% completed 608 completed Required 1 Compute the equivalent units of direct materials and conversion for the month of September using the weighted- average method. 2. Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method. Complete this question by entering your answers in the tabs below Required Required Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method. Equivalent Units Direct materials Conversion Required 2 >Step by Step Solution
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