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Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993 Exercise 1
Compute Equivalent Units: Weighted-Average Method
Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process:
•Beginning inventory, 40,000 partially complete gallons.
•Transferred out, 210,000 gallons.
•Ending inventory (materials are 20 percent complete; conversion costs are 10 percent complete).
•Started this month, 240,000 gallons.
Required
a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process:
•Beginning inventory, 40,000 partially complete gallons.
•Transferred out, 210,000 gallons.
•Ending inventory (materials are 20 percent complete; conversion costs are 10 percent complete).
•Started this month, 240,000 gallons.
Required
a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
Explanation
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14)(a)The concept of equivalent units is...
Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
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