McIlhenny Company McIlhenny Company adds material at the start of production. The following production information is available for February: Beginning Work in Process Inventory (35% complete as to conversion) 10,000 units Started this period 120,000 units Ending Work in Process Inventory (60% complete as to conversion) 8,000 units Beginning Work in Process Inventory Costs: Material $24,500 Conversion 68,905 Current Period Costs: Material $ 75,600 Conversion 130,053
McIlhenny Company
McIlhenny Company adds material at the start of production. The following production information is available for February:
| Beginning Work in Process Inventory | |||
| (35% complete as to conversion) |
10,000
|
units | |
| Started this period |
120,000
|
units | |
| Ending Work in Process Inventory | |||
| (60% complete as to conversion) |
8,000
|
units | |
| Beginning Work in |
|||
| Material |
$24,500
|
||
| Conversion |
68,905
|
||
| Current Period Costs: | |||
| Material |
$ 75,600
|
||
| Conversion |
130,053
|
||
Refer to McIlhenny Company. What are the equivalent units for conversion using the weighted average method?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Simpson Company adds material at the start of production. The following production information is available for September:
Beginning Work in Process Inventory
(45% complete as to conversion)
10,000
units
Started this period
120,000
units
Ending Work in Process Inventory
(80% complete as to conversion)
8,200
units
Beginning Work in
Material
P24,500
Conversion
68,905
Current Period Costs:
Material
P 75,600
Conversion
130,053
Refer to Simpson Company. What is the cost of all units transferred out using the FIFO method?
by Bartleby Expert
