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Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 Direct materials 4,100,000 gallons 50% completed 20% completed Conversion 6,000,000 gallons Units started in process during September Work-in-process inventory, September 30 Direct materials 2,630,000 gallons 40% completed 60% completed 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. 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.

Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 Direct materials 4,100,000 gallons 50% completed 20% completed Conversion 6,000,000 gallons Units started in process during September Work-in-process inventory, September 30 Direct materials 2,630,000 gallons 40% completed 60% completed 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. 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.

FINANCIAL ACCOUNTING
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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Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 4,100,000 Direct materials Conversion. gallons 50% completed 20% completed gallons. gallons 6,000,000 Units started in process during September Work-in-process inventory, September 30 Direct materials 2,630,000 Conversion 40% completed completed 60% 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. Eiuslant nite
Transcribed Image Text:Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant: Work-in-process inventory, September 1 4,100,000 Direct materials Conversion. gallons 50% completed 20% completed gallons. gallons 6,000,000 Units started in process during September Work-in-process inventory, September 30 Direct materials 2,630,000 Conversion 40% completed completed 60% 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. Eiuslant nite
wwwwwww 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 i Regold Required 2 >
Transcribed Image Text:wwwwwww 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 i Regold Required 2 >
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