Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
Beginning inventory, 43,300 partially complete gallons
Transferred out, 211300 gallons
Ending inventory (materials are 18 percent complete; conversion costs are 11 percent complete.)
started this month, 235400 gallons
Required
a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
Answers: 2
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