Drysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6)
Question:
Production:
Units in process, August 1, 25 percent complete* 40,000
Units completed and transferred out 120,000
Units in process, August 31, 60 percent complete* 30,000
* With respect to conversion costs.
Required:
1. Prepare a physical flow schedule for the month.
2. Calculate equivalent units for the following categories: transferred-in, materials, and conversion.
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1 Units to account for Units accounted for Units in beginning WIP 40000 Units transferred out ...View the full answer
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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