8-22. Compute Equivalent Units: Weighted-Average Method Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process follows: Beginning inventory, 115,000 partially complete liters. Ending inventory, 85,000 liters; units are 25 percent complete with respect to materials and 60 percent complete with respect to conversion costs. Started this month, 690,000 liters. Required a. Compute the equivalent units for materials using the weighted- average method. b. Compute the equivalent units for conversion costs using the weighted-average
8-22. Compute Equivalent Units: Weighted-Average Method Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process follows: Beginning inventory, 115,000 partially complete liters. Ending inventory, 85,000 liters; units are 25 percent complete with respect to materials and 60 percent complete with respect to conversion costs. Started this month, 690,000 liters. Required a. Compute the equivalent units for materials using the weighted- average method. b. Compute the equivalent units for conversion costs using the weighted-average
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:8-22. Compute Equivalent Units:
Weighted-Average Method
Patton Dyes manufactures
colorings, primarily for textiles.
Information on the work in
process follows: Beginning
inventory, 115,000 partially
complete liters. Ending inventory,
85,000 liters; units are 25 percent
complete with respect to
materials and 60 percent
complete with respect to
conversion costs. Started this
month, 690,000 liters. Required a.
Compute the equivalent units for
materials using the weighted-
average method. b. Compute the
equivalent units for conversion
costs using the weighted-average
method.
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