Question
The Florida Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below.
The Florida Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below.
|
| Percentage Completed | ||
| Units | Materials | Conversion |
|
Work in process, June 1 | 160,000 | 65% | 45% |
|
Work in process, Jun 30 | 130,000 | 75% | 65% |
|
The department started 650,000 units into production during the month and transferred 680,000 completed units to the next department. Required: Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
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