All materials are added at the beginning of the process. Inspection occurs 60 percent of the way through the process. Normal spoilage is 10 percent of the good units completed. (Round to two decimal places.) What are the weighted average equivalent units for conversion?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Topic Video
Question
The Curing Department of Harmon Company reported the following information for the month of November:
Conversion
Percentage Completed
Units
28,000
27,000
Units started
Completed and transferred
Work in process, 11/1
Work in process, 11/30
10,000
80%
8,000
30%
Labor and
Materials
Overhead
Transferred-In
Costs for November:
Work in process, 11/1
Added during the month
P 51,720
P145,880
P 65,048
P194,224
P 80,624
P234,320
All materials are added at the beginning of the process. Inspection occurs 60 percent of the way through
the process. Normal spoilage is 10 percent of the good units completed. (Round to two decimal places.)
What are the weighted average equivalent units for konversion?
Transcribed Image Text:The Curing Department of Harmon Company reported the following information for the month of November: Conversion Percentage Completed Units 28,000 27,000 Units started Completed and transferred Work in process, 11/1 Work in process, 11/30 10,000 80% 8,000 30% Labor and Materials Overhead Transferred-In Costs for November: Work in process, 11/1 Added during the month P 51,720 P145,880 P 65,048 P194,224 P 80,624 P234,320 All materials are added at the beginning of the process. Inspection occurs 60 percent of the way through the process. Normal spoilage is 10 percent of the good units completed. (Round to two decimal places.) What are the weighted average equivalent units for konversion?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education