Weatherly Lumber Company processes wood pulp for manufacturing various paper products. The company employees a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. This is the company's production schedule for May: Weatherly Lumber Company processes wood pulp for manufacturing various paper products. The company employs a process costingsystem for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs areincurred uniformly throughout the process. This is the company's production schedule for May:Work-in-Process Inventory, May 1Started during MayUnits to account forUnits from beginning Work-in-Process, which were completedand transferred out during MayStarted and completed during MayWork-in-Process Inventory, May 31Total units accounted forThe following cost data are available:Work-in-Process Inventory, May 1Direct materialsConversionCosts incurred during MayDirect materialsConversion$ 62,31094,760238,650315,000Tons of Pulp4,00015,00019,0004,0009,0006,00019,000Percent CompletedMaterials100%100%Conversion50%50%Required:1. Calculate the equivalent units of direct materials and conversion during May. Use the weighted-average method.2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted-average method.

Name: Weatherly Lumber Company processes wood pulp for manufacturing various
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Weatherly Lumber Company processes wood pulp for manufacturing various paper products. The company employees a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion cos