Question
The information below was obtained from the records of the first processing department of Tegtmeier Company for the month of October. The company uses the
The information below was obtained from the records of the first processing department of Tegtmeier Company for the month of October. The company uses the weighted-average method in its process costing system.
Units Labor and Overhead Percentage Complete
Work in process, May 1 10,000 40%
Units Started 64,000
Completed and Transferred Out 60,000
Work in Process, May 31 14,000 70%
All materials are added at the beginning of the process. Material is 100% complete.
What were the equivalent units for materials for the month of May were? A. 60,000 units B. 74,000 units C. 64,000 units D. 69,800 units
What were the equivalent units for labor and overhead for the month of May were? A. 60,000 units B. 69,800 units C. 65,800 units D. 73,800 units
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
