The T . L . Lin Company manufactures a variety of natural fabrics for the clothing industry
Fantastic news! We've Found the answer you've been seeking!
Question:
The T L Lin Company manufactures a variety of natural fabrics for the clothing industry in a suburb of Shanghai. The following data in Chinese currency called yuanCNY pertain to the month of October.
WorkinProcess Inventory, October units
Direct materials: complete yuan
Conversion: complete yuan
Costs incurred during October
Direct materials yuan
Conversion yuan
During October, units were completed and transferred out. At the end of the month, units direct materials and conversion complete remain in WorkinProcess Inventory.
Required:
Calculate each of the following amounts using weightedaverage process costing.
Equivalent units of direct materials and conversion.
Costs per equivalent unit for direct materials and conversion.
Cost of goods completed and transferred out during October.
Cost of the WorkinProcess Inventory at October
Round "WTAVG Cost per EU answers to decimal places.
Related Book For
Cost Management A Strategic Emphasis
ISBN: 978-0078025532
6th edition
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
Posted Date: