Business, 25.03.2020 21:47, Welcomes

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: 3

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Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

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