Decker Processing Inc. placed 230,000 gallons of direct materials into the refining process. At the end of the month, 12,500 gallons were still in process, 30% converted as to labor and factory overhead. All direct materials are placed in refining at the beginning of the process and conversion costs occur evenly during the process. Decker uses weighted-average costing. Determine the equivalent units in process for direct materials, assuming that 18,500 gallons were 30% complete prior to the addition of the 230,000 gallons.
Decker Processing Inc. placed 230,000 gallons of direct materials into the refining process. At the end of the month, 12,500 gallons were still in process, 30% converted as to labor and factory overhead. All direct materials are placed in refining at the beginning of the process and conversion costs occur evenly during the process. Decker uses weighted-average costing. Determine the equivalent units in process for direct materials, assuming that 18,500 gallons were 30% complete prior to the addition of the 230,000 gallons.
Chapter5: Process Costing
Section: Chapter Questions
Problem 11EA: Mazomanie Farm completed 20,000 units during the quarter and has 2,500 units still in process. The...
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Decker Processing Inc. placed 230,000 gallons of direct materials into the refining process. At the end of the month, 12,500 gallons were still in process, 30% converted as to labor and factory
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