The Sacramento plant of Montero Food Corporation produces a gourmet cheese. The following data pertain to the year ended December 31, 2010:

During the year, the company started 190,000 pounds of material into production.

Required
Prepare a schedule analyzing the physical flow of units and computing the equivalent units for both direct material and conversion costs for theyear.

Transcribed Image Text:

Percentage of Completion Work in process, January 1 Work in process, December 31 Units 40,000 lb 50,000 lb Direct Material 65% 80% Conversion Costs 85% 45%