Question
Terra Energy Company refines a variety of petrochemical products. The following data are from the firms Lodi plant. Work in process, November 1 1,560,000 gallons
Terra Energy Company refines a variety of petrochemical products. The following data are from the firms Lodi plant.
| Work in process, November 1 | 1,560,000 | gallons | ||||||||
| Direct material | 100 | % | complete | |||||||
| Conversion | 40 | % | complete | |||||||
| Units started in process during November | 820,000 | gallons | ||||||||
| Work in process, November 30 | 264,000 | gallons | ||||||||
| Direct material | 100 | % | complete | |||||||
| Conversion | 70 | % | complete | |||||||
Required: Compute the equivalent units of direct material and conversion for the month of November. Use the weighted-average method of process costing.
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Foundations Of Managerial Accounting
Authors: Dr. Susan Galbreath
1st Edition
0390786276, 978-0390786272
