Question: EXERCISE 4-18 (15 MINUTES) Exercise 4-18 Equivalent Units: Weighted Average (L0 4-1, 43) Terra Energy Company refines a variety of petrochemical products. The following data

EXERCISE 4-18 (15 MINUTES) Exercise 4-18 Equivalent Units: Weighted Average (L0 4-1, 43) Terra Energy Company refines a variety of petrochemical products. The following data are from the firm's Lodi plant. Work in process, November 1 Direct material Conversion Units stated in process dung November Work in process, November 30. Direct material Conversion 2,000,000 gallons 100% complete 25% complete 950,000 galors 240.000 galons 100% complete 80% complete Required Compute the equivalent units of direct material and conversion for the month of November. Use the weighted-average method of process costing

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