Equivalent units (process costing). ABC uses Weighted-Average method in its process costing system. The following data concern the company's Processing Department for the month of January: Percentage of Completion Units Direct Materials Conversion Costs Work-in-process beg, January 1st Units added during the period Units Completed and Transferred out 1,000 75% 70% 9,000 8,000 Work-in-process end, January 31* 2,000 80% 60% Required: a. Calculate total equivalent units of production for materials and conversion.
Equivalent units (process costing). ABC uses Weighted-Average method in its process costing system. The following data concern the company's Processing Department for the month of January: Percentage of Completion Units Direct Materials Conversion Costs Work-in-process beg, January 1st Units added during the period Units Completed and Transferred out 1,000 75% 70% 9,000 8,000 Work-in-process end, January 31* 2,000 80% 60% Required: a. Calculate total equivalent units of production for materials and conversion.
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 16E: Cost of production report The debits to Work in ProcessRoasting Department for Morning Brew Coffee...
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