Question
. The Mondelez International Company uses a process cost accounting system and a weighted average cost flow assumption. A production department adds materials at the
. 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.
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