Question 1: Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory,...

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Question 1: Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 30,000 partially complete gallons. Transferred out, 157,500 gallons. . • Ending inventory (materials are 10 percent complete; conversion costs are 20 percent complete). . Started this month, 180,000 gallons. . 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. a. b. Materials Conversion costs Explanation CONNECT a. & b. Equivalent Units (gallons) 162,750 168,000 Units transferred out Equivalent units in ending inventory: Materials: 10% GIVEN x 52,500a units Conversion costs: 208 x 52,500 units Total equivalent units for all work done to date Materials 157,500 5,250 EU 162.750 EU Conversion Costs 157,500 10,500 EU 168.000 EU a 52,500 units in ending inventory = 30,000 units in beginning inventory + 180,000 units GIVEN started this period - 157,500 GIVEN units transferred out. Question 1: Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 30,000 partially complete gallons. Transferred out, 157,500 gallons. . • Ending inventory (materials are 10 percent complete; conversion costs are 20 percent complete). . Started this month, 180,000 gallons. . 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. a. b. Materials Conversion costs Explanation CONNECT a. & b. Equivalent Units (gallons) 162,750 168,000 Units transferred out Equivalent units in ending inventory: Materials: 10% GIVEN x 52,500a units Conversion costs: 208 x 52,500 units Total equivalent units for all work done to date Materials 157,500 5,250 EU 162.750 EU Conversion Costs 157,500 10,500 EU 168.000 EU a 52,500 units in ending inventory = 30,000 units in beginning inventory + 180,000 units GIVEN started this period - 157,500 GIVEN units transferred out.

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Question 1 a Compute the equivalent units for materials using the weightedaverage method Answer The ... View the full answer