Accounting Principles - Standalone book
Accounting Principles - Standalone book
12th Edition
ISBN: 9781118875056
Author: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Publisher: WILEY
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Chapter 21, Problem 21.5E
To determine

Equivalent Units of Production: When units of work in process are expressed in the form of finished goods at the end of a period it is known as equivalent units of production.

To determine: (a) physical units for January and May (b) equivalent units of production for (1) material (2) conversion costs for each month.

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Differential Chemical produced 18,000 gallons of Preon and 39,000 gallons of Paron. Joint costs incurred in producing the two products totaled $8,500. At the split-off point, Preon has a market value of $11 per gallon and Paron $3.5 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used.
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Accounting Principles - Standalone book

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