Required Informatlon [The following information applies to the questions displayed below.] The Matsui Lubricants plant uses...
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Required Informatlon [The following information applies to the questions displayed below.] The Matsui Lubricants plant uses the weighted-average method to account for Its work-in-process Inventories. The accounting records show the following information for a particular day. Beginning WIP inventory Direct materials 991 Conversion costs 422 Current period costs Direct materials 19,406 11,331 Conversion costs Quantity Information is obtained from the manufacturing records and Includes the following. Beginning inventory 950 units (60% complete as to materials, 56% complete as to conversion) Current period units started Ending inventory 5,000 units 1,200 units (40% complete as to materials, 30% complete as to conversion) Requlred: a. Compute the equivalent units for the materlals and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and conversion costs. Complete this question by entering your answers in the tabs below. Required A Required B Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs Required A Required B > Required Informatlon [The following information applies to the questions displayed below.] The Matsui Lubricants plant uses the weighted-average method to account for Its work-in-process Inventories. The accounting records show the following information for a particular day. Beginning WIP inventory Direct materials 991 Conversion costs 422 Current period costs Direct materials 19,406 11,331 Conversion costs Quantity Information is obtained from the manufacturing records and Includes the following. Beginning inventory 950 units (60% complete as to materials, 56% complete as to conversion) Current period units started Ending inventory 5,000 units 1,200 units (40% complete as to materials, 30% complete as to conversion) Requlred: a. Compute the equivalent units for the materlals and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and conversion costs. Complete this question by entering your answers in the tabs below. Required A Required B Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs Required A Required B >
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Answer a 5230 and 5110 Answer b 390 230 Workings Particulars Uni... View the full answer
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor-Yi Tsay, Philip Old
Posted Date:
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