8-15 - Compute the equivalent units for materials using the...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Compute equivalent units: weighted average method Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process: Beginning inventory, 8,000 partially complete gallons. Transferred out, 42,000 gallons. Ending inventory (materials are 10 percent complete; conversion costs are 20 percent complete). Started this month, 48,000 gallons.
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Compute the equivalent units for materials using the weighted-average method. Compute the equivalent units for conversion costs using the weighted-average method. Solution: Statement of Equivalent Production Units Material Conversion cost % EU % EU Closing WIP 14000 10% 1400 20% 2800 Finished Goods 42000 100% 42000 100% 42000 Equivalent Units 43400 44800...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern