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Category > Accounting Posted 13 Aug 2017 My Price 7.00

Lindex Company

Lindex Company uses a process costing system. The following data are available for one department for October.

 

Units Materials Conversion

Work in Process, October 1 50,000 90% 60%

Work in Process, October 31 30,000 70% 50%

 

 

The department started 390,000 units into production during the month and transferred 410,000 completed units to the next department.

 

Required:

Compute the equivalent units of production for October, assuming that the company uses the weighted average method of accounting for units and cost.

 

 

The table required is as such:

 

 

Equivalent Units
 

Materials

Conversion

 

 

 

 

 

  

 

 

  

 

 

 

Equivalent units of production.........................

431,000

425,000

 

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Aug 2017 12:08 PM My Price 7.00

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