The mixing department of Tangerine Company has the following data for February:Production:Units in process, February 1, 55% complete*Units completed and transferred outUnits in process, February 28, 35% complete*11,00070,00035,000*With respect to conversion costs, all materials are added at the beginning of the process.Calculate the equivalent units using the weighted average method with respect to direct materials by following nonuniform application of manufacturing inputs.Oa. 70,000 unitsb. 105,000 unitsc. 57,750 unitsd. 76,050 units

Equivalent units using FIFO Method :— Under this method, equivalent units is the sum of equivalent…

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Business

Accounting

Calculate the equivalent units using the weighted average method

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The mixing department of Tangerine Company has the following data for February:
Production:
Units in process, February 1, 55% complete*
Units completed and transferred out
Units in process, February 28, 35% complete*
11,000
70,000
35,000
*With respect to conversion costs, all materials are added at the beginning of the process.
Calculate the equivalent units using the weighted average method with respect to direct materials by following nonuniform application of manufacturing inputs.
Oa. 70,000 units
b. 105,000 units
c. 57,750 units
d. 76,050 units

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