Richards Corporation uses the weighted-average method of process costing. The following information is available for October...
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Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating department: Direct materials Conversion Percent Units Percent Complete Beginning work in process inventory 93,000 70% Complete 20% Units started and completed 276,000 Units completed and transferred out 369,000 Ending work in process inventory 36,500 40% 15% Production cost information for the Fabricating department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion $ 111,760 92,700 $204,460 $ 772,280 932,300 1,704,580 Calculate equivalent units of production for direct materials. Multiple Choice 318,500 239,500 355,875 374,475 383,600 Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating department: Direct materials Conversion Percent Units Percent Complete Beginning work in process inventory 93,000 70% Complete 20% Units started and completed 276,000 Units completed and transferred out 369,000 Ending work in process inventory 36,500 40% 15% Production cost information for the Fabricating department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion $ 111,760 92,700 $204,460 $ 772,280 932,300 1,704,580 Calculate equivalent units of production for direct materials. Multiple Choice 318,500 239,500 355,875 374,475 383,600
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