In Shady Company, materials are entered at the beginning of each process, and conversion costs are incurred

Question:

In Shady Company, materials are entered at the beginning of each process, and conversion costs are incurred uniformly throughout the 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 2022 are as follows.


Instructions

a. For January and May, compute the physical units to be accounted for and the physical units accounted for.

b. Compute 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: 9781119709589

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

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