Shirley Processing, Incorporated (SP) makes adhesive tape. The following information on the physical flow of units...
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Shirley Processing, Incorporated (SP) makes adhesive tape. The following information on the physical flow of units and costs for month of March Quantities Beginning work-in-process Physical units Percentage Complete Conversion 40% Materials 117,000 100% Started 962,000 To account for 1,079,000 Transferred out 985,500 100% 100% Ending work in process 38 93,500 100% 20% Accounted for 1,079,000 Cost Total $206,570 2,074,378 $2,200,948 Direct Materials $177,180 1,337,180 $1,514,360 $ 766,588 Conversion $29,390 737,198 Beginning work-in-process Current period Total Required: a. Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Incorporated uses the weighted-average method b. Compute the cost per equivalent unit for direct materials and conversion costs for March assuming Shirley Processing. Incorporated uses the weighted-average method Shirley Processing, Incorporated (SP) makes adhesive tape. The following information on the physical flow of units and costs for month of March Quantities Beginning work-in-process Physical units Percentage Complete Conversion 40% Materials 117,000 100% Started 962,000 To account for 1,079,000 Transferred out 985,500 100% 100% Ending work in process 38 93,500 100% 20% Accounted for 1,079,000 Cost Total $206,570 2,074,378 $2,200,948 Direct Materials $177,180 1,337,180 $1,514,360 $ 766,588 Conversion $29,390 737,198 Beginning work-in-process Current period Total Required: a. Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Incorporated uses the weighted-average method b. Compute the cost per equivalent unit for direct materials and conversion costs for March assuming Shirley Processing. Incorporated uses the weighted-average method
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