Chap004 (dragged) 4 - 2 , 5 7 5 , EXERCISE 4-19 (15...

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McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. Managerial Accounting, 6/e 4-5 EXERCISE 4-18 (15 MINUTES) CALCULATION OF EQUIVALENT UNITS: PETROTECH COMPANY - AMARILLO PLANT Weighted-Average Method Equivalent Units Physical Units Percentage of Completion with Respect to Conversion Direct Material Conversion Work in process, July 1. ......................... 1,900,000 30% Units started during July . ...................... 750,000 Total units to account for . ..................... 2,650,000 Units completed and transferred o u t d u r i n g July. .................................. 2,400,000 100% 2,400,000 2,400,000 Work in process, July 30 . ...................... 250,000 70% 250,000 175,000 Total units accounted for. ...................... 2,650,000 _ _ _ _ _ _ _ _ _ _ _ _
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Unformatted text preview: 2 , 5 7 5 , EXERCISE 4-19 (15 MINUTES) 1. 5,500 equivalent units (refer to (a) in the following table) 2. 4,140 equivalent units (refer to (b) in the following table) CALCULATION OF EQUIVALENT UNITS: ANDROMEDA GLASS COMPANY Weighted-Average Method Equivalent Units Physical Units Percentage of Completion with Respect to Conversion Direct Material Conversion Work in process, August 1 . .... 2,000 60% Units started during August. .. 3,500 Total units to account for . ...... 5,500 Units completed and transferred o u t d u r i n g A u g u s t . . . . . . . . . . . . 3,800 100% 3,800 3,800 Work in process, August 31 . .. 1,700 2 % 1 , 7 3 4 Total units accounted for. ....... 5,500 _ _ _ _ _ _ _ _ _ Total equivalent units. ............. (1) 5,500 ( 2 ) 4 , 1 4...
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This note was uploaded on 03/28/2012 for the course ACC260 AAAJ0OKG00 taught by Professor Katrenataylor during the Spring '10 term at University of Phoenix.

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