Asked by eqwe21a
Glendale Company is using process costing system. The following...
Glendale Company is using process costing system. The following were taken from the books for Department 2 for the month of June. Quality control inspection is done when the units are 80% completed and materials are added 100% after inspection.
Units received 50,000
Units completed and transferred 40,000
Units in process, end (60% completed) 5,000
Units lost (normal) 5,000
1. What is the equivalent production for materials?
2. Equivalent production for conversion costs.
Same data as in 1&2, this time we assume that the units in process, end are 90%
3, Equivalent production for material is
4, Equivalent prodcution for conversion cost
Same data as in 1 & 2, this time we assume that the lost units are classified as abnormal.
5. What is the equivalent production for materials?
Answered by imusahkofi
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