Question
Terra Energy Company refines a variety of petrochemical products. The following data are from the firms Lodi plant. Work in process, November 1 1,880,000 gallons
Terra Energy Company refines a variety of petrochemical products. The following data are from the firms Lodi plant.
| Work in process, November 1 | 1,880,000 | gallons | ||||||||
| Direct material | 100 | % | complete | |||||||
| Conversion | 35 | % | complete | |||||||
| Units started in process during November | 845,000 | gallons | ||||||||
| Work in process, November 30 | 269,000 | 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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Auditing Transformation Regulation Digitalisation And Sustainability
Authors: Jan Marton, Fredrik Nilsson, Peter Öhman
1st Edition
103253303X, 978-1032533032
