Trevor Mills produces agricultural feed at its only plant. Materials are added at the beginning of the process. Information on work-in- process in December follows: • Beginning Inventory, 40,000 partially complete units, 10 percent complete with respect to conversion costs. • Units started in December, 101,000 units. • Units transferred out in December, 97,000 units. • Ending inventory, 44,000 units, 62 percent complete with respect to conversion costs. Required: Compute the equivalent units for materials and conversion costs for December using the weighted-average method Materials Conversion Costs Equivalent Units
Trevor Mills produces agricultural feed at its only plant. Materials are added at the beginning of the process. Information on work-in- process in December follows: • Beginning Inventory, 40,000 partially complete units, 10 percent complete with respect to conversion costs. • Units started in December, 101,000 units. • Units transferred out in December, 97,000 units. • Ending inventory, 44,000 units, 62 percent complete with respect to conversion costs. Required: Compute the equivalent units for materials and conversion costs for December using the weighted-average method Materials Conversion Costs Equivalent Units
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
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:Trevor Mills produces agricultural feed at its only plant. Materials are added at the beginning of the process, Information on work-in-
process in December follows:
• Beginning inventory, 40,000 partially complete units, 10 percent complete with respect to conversion costs.
• Units started in December, 101,000 units.
Units transferred out in December, 97,000 units.
• Ending inventory, 44,000 units, 62 percent complete with respect to conversion costs.
Required:
Compute the equivalent units for materials and conversion costs for December using the weighted-average method
Materials
Conversion Costs
Equivalent
Units
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