In manufacturing its products, Trevano Corp. adds all direct material at the beginning of the production process.
Question:
In manufacturing its products, Trevano Corp. adds all direct material at the beginning of the production process. The company's direct labor and overhead are considered to be continuously at the same degree of completion. September production information is as follows:
As of September 1, the beginning WIP Inventory was 30 percent complete as to labor and overhead. On September 30, the ending WIP Inventory was 80 percent complete as to conversion.
a. Determine the total number of pounds to account for if Trevano uses the weighted average process costing method.
b. Determine the equivalent units of production for direct material.
c. Determine the equivalent units of production for direct labor and overhead.
Step by Step Answer:
Cost Accounting Foundations And Evolutions
ISBN: 9781618533531
10th Edition
Authors: Amie Dragoo, Michael Kinney, Cecily Raiborn