Shirley Processing, Incorporated ( SPI ) makes adhesive tape. The following information on the physical flow of
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Question:
Shirley Processing, Incorporated SPI makes adhesive tape. The following information on the physical flow of units and costs for month of March:
Quantities Physical units Percentage Complete
Materials Conversion
Beginning workinprocess
Started
To account for
Transferred out
Ending work in process
Accounted for
Cost Total Direct Materials Conversion
Beginning workinprocess $ $ $
Current period
Total $ $ $
Required:
Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Incorporated uses the weightedaverage method.
Compute the cost per equivalent unit for direct materials and conversion costs for March assuming Shirley Processing, Incorporated uses the weightedaverage method.
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