Consider the following process costing at Smith & Black: (Click the icon to view the company's process costing.) In Process 3-crush and screen...
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Please explain

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Consider the following process costing at Smith & Black:
(Click the icon to view the company's process costing.)
In Process 3-crush and screen limestone rock-300 tons of limestone rock were transported to the plant during March. There was no beginning inventory of rock. During March, 210 tons were crushed, screened, and stocked. At the end of March, 90 tons of rock were 50%
crushed and screened. Direct labor and overhead are incurred evenly during the crushing and screening process
Requirement
1.
Confirm your understanding of the equivalent units concept by computing the equivalent units for material, direct labor, and overhead for Smith & Black.
Figure
.X
Begin by summarizing the flow of physical units and then calculate the output in terms of equivalents units.
PROCESS 1
Quarry or Mine
Physical
Limestone Rock
Flow of Production
Units
Started and completed
Work in process, ending inventory
PROCESS 2
Transport
Units accounted for
Rock to Plant
Work done to date
RESOURCES
Direct Material
Direct Labor
Overhead
PROCESS 3
Crush and Screen
Limestone Rock
PROCESS 4
Finished
Cost of
Stod
Goods
Goods Sold
Limestone

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Flow of production_________________Physical units Started and completed... View the full answer

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