Trevor Mills produces agricultural feed at its only plant. Materials are added at the beginning of the process. Information on work-in-process in December follows: Beginning inventory, 34,000 partially complete units, 10 percent complete with respect to conversion costs. Units started in December, 95,000 units. Units transferred out in December, 91,000 units. Ending inventory, 38,000 units, 62 percent complete with respect to conversion costs. Required: Compute the equivalent units for materials and conversion cost

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 3EA: Given the following information, determine the equivalent units of ending work in process for...
icon
Related questions
icon
Concept explainers
Topic Video
Question

Please do not give solution in image format thanku 

Trevor Mills produces agricultural feed at its only
plant. Materials are added at the beginning of
the process. Information on work-in-process in
December follows: Beginning inventory, 34,000
partially complete units, 10 percent complete
with respect to conversion costs. Units started in
December, 95,000 units. Units transferred out in
December, 91,000 units. Ending inventory,
38,000 units, 62 percent complete with respect
to conversion costs. Required:
Compute the equivalent units for materials and
conversion cost
Transcribed Image Text:Trevor Mills produces agricultural feed at its only plant. Materials are added at the beginning of the process. Information on work-in-process in December follows: Beginning inventory, 34,000 partially complete units, 10 percent complete with respect to conversion costs. Units started in December, 95,000 units. Units transferred out in December, 91,000 units. Ending inventory, 38,000 units, 62 percent complete with respect to conversion costs. Required: Compute the equivalent units for materials and conversion cost
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub