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, 36,000 partially complete units, 10 percent complete with respect to conversic costs. • Units started in December, 97,000 units. • Units transferred out in December, 93,000 units. • Ending inventory, 40,000 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.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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, 36,000 partially complete units, 10 percent complete with respect to conversion
costs.
• Units started in December, 97,000 units.
• Units transferred out in December, 93,000 units.
• Ending inventory, 40,000 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
133,000
150,660
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, 36,000 partially complete units, 10 percent complete with respect to conversion costs. • Units started in December, 97,000 units. • Units transferred out in December, 93,000 units. • Ending inventory, 40,000 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 133,000 150,660
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