Southern Brooklyn Lumber Company grows, harvests, and processes timber for use as building lumber. The following data pertain to the company's sawmill: Work-in-process inventory, January 1 (direct materials: 60%, conversion: 40%) Work-in-process inventory, December 31 (direct materials: 70%, conversion: 60%) 35,000 units 17,500 units During the year the company started 216,000 units in production. 1. Conduct a physical flow schedule. 2. Compute the number of equivalent units of both direct materials and conversion for the year, 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 7BE: In October, the cost of materials transferred into the Rolling Department from the Casting...
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Southern Brooklyn Lumber Company grows, harvests, and processes
timber for use as building lumber. The following data pertain to the
company's sawmill:
Work-in-process inventory, January 1 (direct materials: 60%,
conversion: 40%)
Work-in-process inventory, December 31 (direct materials: 70%,
conversion: 60%)
35,000
units
17,500
units
During the year the company started 216,000 units in production.
1. Conduct a physical flow schedule.
2. Compute the number of equivalent units of both direct materials and
conversion for the year, using the weighted-average method.
Transcribed Image Text:Southern Brooklyn Lumber Company grows, harvests, and processes timber for use as building lumber. The following data pertain to the company's sawmill: Work-in-process inventory, January 1 (direct materials: 60%, conversion: 40%) Work-in-process inventory, December 31 (direct materials: 70%, conversion: 60%) 35,000 units 17,500 units During the year the company started 216,000 units in production. 1. Conduct a physical flow schedule. 2. Compute the number of equivalent units of both direct materials and conversion for the year, using the weighted-average method.
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