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prepare the equivalent unit schedule Parsley Metal Company casts blades for the turbine engine. Within the Casting Department, an alloy is melted in a crucible
prepare the equivalent unit schedule
Parsley Metal Company casts blades for the turbine engine. Within the Casting Department, an alloy is melted in a crucible and then poured into 8 molds to produce the castings. On October 1,800 pounds of the alloy were in process, 40% complete as to conversion. The work-in-process balance for these 8000 pounds was $350,000, determined as follows: direct materials- $190,000, conversion costs- $160,000. During October, the Casting Department was charged $250,000 for 9,500 pounds of alloy and $165,500 for direct labor. Factory overhead is applied to the department at 150% of direct labor. The department transferred 9,150 pounds of finished castings to the Machining Department. The October 31 inventory in process was 20% complete as to conversion. Based on the above information, please answer questions a) to 0 . a) Please prepare the Equivalent Unit Schedule Step by Step Solution
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