Prepare a schedule by analyzing the physical flow of units and calculating the equivalent units of both
Question:
Prepare a schedule by analyzing the physical flow of units and calculating the equivalent units of both direct material and conversion for the year. Use weighted average process costing.
Healthy Life Styles, Inc.'s Milwaukee plant produces low-fat salad dressings. The following data correspond to the year that has just ended. |
Percentage of completion | |||
Units | direct material | Conversion | |
Work in progress, January 1 | 32,000 gallons | 70% | 60% |
Work in progress, December 31 | 27,000 gallons | 70% | 30% |
During the year the company began the production of 172,000 gallons of material. |
Required: |
Prepare a schedule by analyzing the physical flow of units and calculating the equivalent units of both direct material and conversion for the year. Use weighted average process costing. |
Healthy Life Styles, Inc.'s Milwaukee plant produces low-fat salad dressings. The following data correspond to the year that has just ended. |
Percentage of completion | |||
Units | direct material | Conversion | |
Work in progress, January 1 | 32,000 gallons | 70% | 60% |
Work in progress, December 31 | 27,000 gallons | 70% | 30% |
During the year the company began the production of 172,000 gallons of material. |
Required: |
Prepare a schedule by analyzing the physical flow of units and calculating the equivalent units of both direct material and conversion for the year. Use weighted average process costing. |
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt