Activity 1 State Chemical uses a weighted-average process-costing system. The following data relate to May: Work in process, May 1: Direct material Conversion Units started into production Work in process, May 31: Direct material Conversion 25,000 pounds 70% complete 80% complete 80,000 pounds 30,000 pounds 40% complete 65% complete Required: A. Calculate the number of pounds completed during May. B. Calculate equivalent units of materials and conversion for May.
Activity 1 State Chemical uses a weighted-average process-costing system. The following data relate to May: Work in process, May 1: Direct material Conversion Units started into production Work in process, May 31: Direct material Conversion 25,000 pounds 70% complete 80% complete 80,000 pounds 30,000 pounds 40% complete 65% complete Required: A. Calculate the number of pounds completed during May. B. Calculate equivalent units of materials and conversion for May.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 15E: Costs per equivalent unit and production costs Based on the data in Exercise 17-14, determine the...
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