Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and co
Posted: Thu May 19, 2022 11:39 am
Lakeland Chemical manufactures a product called Zing. Direct
materials are added at the beginning of the process, and conversion
activity occurs uniformly throughout production. The beginning
work-in-process inventory is 60% complete with respect to
conversion; the ending work-in-process inventory is 20% complete.
The following data pertain to May:
Using the weighted-average method of process costing, the
equivalent units of direct materials total:
Using the weighted-average method of process costing, the
equivalent units of conversion activity total:
Using the weighted-average method of process costing, the cost
per unit of direct materials is:
Using the weighted-average method of process costing, the cost
per unit of conversion activity is:
Using the weighted-average method of process costing, the total
costs remaining in work in process on May 31 are:
materials are added at the beginning of the process, and conversion
activity occurs uniformly throughout production. The beginning
work-in-process inventory is 60% complete with respect to
conversion; the ending work-in-process inventory is 20% complete.
The following data pertain to May:
Using the weighted-average method of process costing, the
equivalent units of direct materials total:
Using the weighted-average method of process costing, the
equivalent units of conversion activity total:
Using the weighted-average method of process costing, the cost
per unit of direct materials is:
Using the weighted-average method of process costing, the cost
per unit of conversion activity is:
Using the weighted-average method of process costing, the total
costs remaining in work in process on May 31 are: