Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process follows: Beginning inventory,
Question:
Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process follows:
∙ Beginning inventory, 115,000 partially complete liters.
∙ Ending inventory, 85,000 liters; units are 25 percent complete with respect to materials and 60 percent complete with respect to conversion costs.
∙ Started this month, 690,000 liters.
Required
a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
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a 720000 units transferred out 115000 units in beginning inventory 690000 un...View the full answer
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