Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Mork-in-precess inventery, Septenber 1 Direct aterials Conversion Units started in process during Septenber Mork-in-process inventery. Septenber 30 4,770,000 gallons SeN conpleted 20 completed 5,660,000 gal lons 3,270,e00 galtons 4 conpleted G completed Direct aterials Conversion Required 1 Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method. 2 Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please answer required 1,2

Required:
1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method.
2. Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average
method.
Equivalent Units
Direct materials
Conversion
Transcribed Image Text:Required: 1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method. 2. Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method. Equivalent Units Direct materials Conversion
Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant:
Mork-in-process inventory, Septenber 1
Direct naterials
Conversion
Units started in process during Septenber
Work-in-process inventory, Septenber 30
Direct saterials
Conversion
4,770,000 gallons
50N completed
20 completed
5,660, 000 gallons
3,270, 000 gat tons
40 conpleted
6 completed
Required:
1 Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method.
2. Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method.
Complete this question by entering your answers in the tabs below.
Rered
Requred 2
Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average
method.
valent Unita
Drw maerw
Conversion
Transcribed Image Text:Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Mork-in-process inventory, Septenber 1 Direct naterials Conversion Units started in process during Septenber Work-in-process inventory, Septenber 30 Direct saterials Conversion 4,770,000 gallons 50N completed 20 completed 5,660, 000 gallons 3,270, 000 gat tons 40 conpleted 6 completed Required: 1 Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method. 2. Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method. Complete this question by entering your answers in the tabs below. Rered Requred 2 Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method. valent Unita Drw maerw Conversion
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