The Florida Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below. Percentage Completed Units Materials Conversion Work in process, June 1 1,60,000 65% 45% Work in process, June 30 1,30,000 75% 65% The department started 650,000 units into production during the month and transferred 680,000 completed units to the next department. Required: Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
The Florida Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below. Percentage Completed Units Materials Conversion Work in process, June 1 1,60,000 65% 45% Work in process, June 30 1,30,000 75% 65% The department started 650,000 units into production during the month and transferred 680,000 completed units to the next department. Required: Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
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Author:Don R. Hansen, Maryanne M. Mowen
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Chapter6: Process Costing
Section: Chapter Questions
Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...
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
Transcribed Image Text:The Florida Company manufactures a product that goes through three
processing departments. Information relating to activity in the first
department during June is given below.
Percentage Completed
Units
Materials
Conversion
Work in process, June 1
1,60,000
65%
45%
Work in process, June 30 1,30,000
75%
65%
The department started 650,000 units into production during the month
and transferred 680,000 completed units to the next department.
Required:
Compute the equivalent units of production for the first department for
June, assuming that the company uses the weighted-average method
of accounting for units and costs.
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