Problem Problem 1: the activity in Nolan Company's Blending Department for the money of April is given below: # of units Required: Work in process inventory April 1. Started into process during this month.. Work in process inventory april 30.... All materials are added at the beginning of processing in the Blending Department Conversion Cost% 8,000 50,000 10,000 50% 70% a. What are the equivalent units for materials for the month, using the FIFO b. What are the equivalent units for materials for the month, using the Weighted average method?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 4BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...
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Problem 1: the activity in Nolan Company's Blending Department for the money of April is
given below:
# of units
Conversion Cost %
Work in process inventory April 1.
Started into process during this month..
Work in process inventory april 30....
All materials are added at the beginning of processing in the Blending Department
8,000
50,000
10,000
50%
70%
Required:
a. What are the equivalent units for materials for the month, using the FIFO
b.
What are the equivalent units for materials for the month, using the Weighted average
method?
Transcribed Image Text:Problem Problem 1: the activity in Nolan Company's Blending Department for the money of April is given below: # of units Conversion Cost % Work in process inventory April 1. Started into process during this month.. Work in process inventory april 30.... All materials are added at the beginning of processing in the Blending Department 8,000 50,000 10,000 50% 70% Required: a. What are the equivalent units for materials for the month, using the FIFO b. What are the equivalent units for materials for the month, using the Weighted average method?
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