Question

PetroTech Company refines a variety of petrochemical products. The following data are from the firm's Amarillo plant.
Work in process, July 1.............................................. 1,900,000 liters
Direct material............................................................ 100% complete
Conversion................................................................. 30% complete
Units started in process during July.......................... 750,000 liters
Work in process, July 31........................................... 250,000 liters
Direct material........................................................... 100% complete
Conversion..................................................... 70% complete

Required:
Compute the equivalent units of direct material and conversion for the month of July. Use the weighted-average method of process costing.



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  • CreatedApril 22, 2014
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