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, 26,000 partially complete units, 10 percent complete with respect to conversion costs. • Units started in December, 87,000 units. Units transferred out in December, 83,000 units. • Ending Inventory, 30,000 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. Equivalent Units Materials Conversion Costs

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, 26,000 partially complete units, 10 percent complete with respect to conversion costs. • Units started in December, 87,000 units. Units transferred out in December, 83,000 units. • Ending Inventory, 30,000 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. Equivalent Units Materials Conversion Costs

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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