Schafer Merchandising uses a process costing system. The following data are available for one department for August: Percent Completed Units Materials Conversion Work in process, August 1. Work in process, August 31. 30,000 60% 44,000 75% 55% 25% The department started 195,000 units into production during the month and transferred 181,000 completed units to the next department. Compute the equivalent units of production for August. Completed and transferred out... Ending work in process... Total equivalent units... Total Materials Conversion
Schafer Merchandising uses a process costing system. The following data are available for one department for August: Percent Completed Units Materials Conversion Work in process, August 1. Work in process, August 31. 30,000 60% 44,000 75% 55% 25% The department started 195,000 units into production during the month and transferred 181,000 completed units to the next department. Compute the equivalent units of production for August. Completed and transferred out... Ending work in process... Total equivalent units... Total Materials Conversion
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Schafer Merchandising uses a process costing system. The following data are available for
one department for August:
Percent Completed
Units Materials Conversion
Work in process, August 1.
Work in process, August 31.
30,000 60%
44,000 75%
55%
25%
The department started 195,000 units into production during the month and transferred
181,000 completed units to the next department.
Compute the equivalent units of production for August.
Completed and transferred out...
Ending work in process...
Total equivalent units...
Total Materials Conversion
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