The T. L. Lin Compsny manufactures e veriety of netural fabrics for the clothing Industry In...

 

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The T. L. Lin Compsny manufactures e veriety of netural fabrics for the clothing Industry In e suburb of Shanghal. The folowing dsts in Chinese currency caled yuan (CNY) pertain to the month of Octobe work ln-Process Lwentory, octuber 1 Dárect naterialsi se coeplute Cavsesion: 25% conplete Costs incurrad during Octuber Direct naterials Conversiun 58, a00 units 55,61e yuan h3, 5ee yuan 918, 700 yuan 1,1a2, se0 yan During Octaber, 200,000 units were completed and transferres out. At the end of the month, 40.000 unis (direct materials 60% snd conversian 50% completej remain in Work-in-Process inventory. Required: Calculate esch of the folowing emounts using weighted-everage process costing t Equiveient units of direct materiss and conversion, 2 Costs per equivalent unit for sirect meterials and conversion. 3. Cost of goods compieted end transferred out during Octaber 4 Cost of the Worke-In-Pracess Inventary st October 31 (Round "WTAVG Cot per EU" answers to 2 decimal places.) Equlvalent unts Drect materias Conversion 2 Costs per eaquivalent unt Dret materiais CNY Conversion ONY Total ONY Cost of goods completed end trerstemed out ONY Cost of wortein-process 1031: Drect meteriais CNY Conversion ONY Total CNY The T. L. Lin Compsny manufactures e veriety of netural fabrics for the clothing Industry In e suburb of Shanghal. The folowing dsts in Chinese currency caled yuan (CNY) pertain to the month of Octobe work ln-Process Lwentory, octuber 1 Dárect naterialsi se coeplute Cavsesion: 25% conplete Costs incurrad during Octuber Direct naterials Conversiun 58, a00 units 55,61e yuan h3, 5ee yuan 918, 700 yuan 1,1a2, se0 yan During Octaber, 200,000 units were completed and transferres out. At the end of the month, 40.000 unis (direct materials 60% snd conversian 50% completej remain in Work-in-Process inventory. Required: Calculate esch of the folowing emounts using weighted-everage process costing t Equiveient units of direct materiss and conversion, 2 Costs per equivalent unit for sirect meterials and conversion. 3. Cost of goods compieted end transferred out during Octaber 4 Cost of the Worke-In-Pracess Inventary st October 31 (Round "WTAVG Cot per EU" answers to 2 decimal places.) Equlvalent unts Drect materias Conversion 2 Costs per eaquivalent unt Dret materiais CNY Conversion ONY Total ONY Cost of goods completed end trerstemed out ONY Cost of wortein-process 1031: Drect meteriais CNY Conversion ONY Total CNY

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Solution o Equivalent unit of material 200000 40000 X 60 224000 Equival... View the full answer