Allied Chemicals operates a thermo-assembly process as the second of three processes at its plastics plant....
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Allied Chemicals operates a thermo-assembly process as the second of three processes at its plastics plant. Direct materials in thermo-assembly are added at the end of the process. Conversion costs are added evenly during the process. The following data pertain to the Thermo-assembly department for June 2014: Work in Process, beginning Inventory Degree of Completion ,beginning work In Process Transferred in during current Period Physical Units 60,000 120,000 150,000 Transferred In Cost ? 100% Direct Conversion Material Cost Completed and Transferred out during current Period Work in Process, ending Inventory Degree of Completion, ending work in process Compute equivalent units under (1) the weighted-average method and (2) the FIFO method 100% 0% 70% 0% 50% Allied Chemicals operates a thermo-assembly process as the second of three processes at its plastics plant. Direct materials in thermo-assembly are added at the end of the process. Conversion costs are added evenly during the process. The following data pertain to the Thermo-assembly department for June 2014: Work in Process, beginning Inventory Degree of Completion ,beginning work In Process Transferred in during current Period Physical Units 60,000 120,000 150,000 Transferred In Cost ? 100% Direct Conversion Material Cost Completed and Transferred out during current Period Work in Process, ending Inventory Degree of Completion, ending work in process Compute equivalent units under (1) the weighted-average method and (2) the FIFO method 100% 0% 70% 0% 50%
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Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
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