Drysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6)
Question:
The following data are for Department 12 for August: 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. Using the Weighted Average Method, calculate equivalent units for the following categories: transferred- in, materials, and conversion.
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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