The Illinois Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below: Percent completed Units Materials Work in process, June 1 150,000 75% Work in process, Jun 30 145,000 85% Conversion 55% 75% The department started 475,000 units into production during the month and transferred 480,000 completed units to the next department. 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 Illinois Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below: Percent completed Units Materials Work in process, June 1 150,000 75% Work in process, Jun 30 145,000 85% Conversion 55% 75% The department started 475,000 units into production during the month and transferred 480,000 completed units to the next department. 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.
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 5PB: Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the...
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