In Lee Wen Company, materials are entered at the beginning of each process. Work in process inventories,

Question:

In Lee Wen Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its sterilizing department in selected months during 2012 are as follows:

In Lee Wen Company, materials are entered at the beginning

Instructions
(a) Calculate the physical units for January and May.
(b) Calculate the equivalent units of production for (1) materials and (2) conversion costs for each month.

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Managerial Accounting Tools for Business Decision Making

ISBN: 978-1118033890

3rd Canadian edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

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