. The Mondelez International Company uses a process cost accounting system

and a weighted average cost flow assumption. A production department adds

materials at the beginning of the process and incurs conversion costs

uniformly throughout the process.

Data for the month of May are as follows:

Beginning work in

process inventory, May 1 10,000 units (20% complete)

Units started into

Production 240,000 units

Ending work in

process inventory, May 31 35,000 units (60% complete)

Instructions

Answer the following questions and show computations to support your answers.

a. Prepare a schedule for May showing the physical unit flow and the units to account for.

b. Compute the equivalent units of production for materials and conversion costs for the month of May.