Question
Terra Energy Company refines a variety of petrochemical products. The following data are from the firms Lodi plant. Work in process, November 1 1,620,000 gallons
Terra Energy Company refines a variety of petrochemical products. The following data are from the firms Lodi plant.
| Work in process, November 1 | 1,620,000 | gallons | |||||||
| Direct material | 100 | % | complete | ||||||
| Conversion | 40 | % | complete | ||||||
| Units started in process during November | 775,000 | gallons | |||||||
| Work in process, November 30 | 255,000 | gallons | |||||||
| Direct material | 100 | % | complete | ||||||
| Conversion | 85 | % | 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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Data Analytics For Auditing Using ACL
Authors: Alvin A. Arens
4th Edition
0912503629, 978-0912503622
