3rd Time asking this on Chegg and they have all been wrong so far.. Please help!
ID: 2446170 • Letter: 3
Question
3rd Time asking this on Chegg and they have all been wrong so far.. Please help!
In manufacturing its products, Trevano Corp. adds all direct material at the beginning of the production process. The company's direct labor and overhead are considered to be continuously at the same degree of completion. September production information is as follows:
As of September 1, the beginning WIP Inventory was 45 percent complete as to labor and overhead. On September 30, the ending WIP Inventory was 65 percent complete as to conversion.
a. Determine the total number of pounds to account for if Trevano uses the weighted average process costing method.
________pounds
b. Determine the equivalent units of production for direct material.
_______equivalent units
c. Determine the equivalent units of production for direct labor and overhead.
_______equivalent units
Explanation / Answer
Answer:a
Total units to be accounted for
The total number of pounds to account for if Trevano uses the weighted average process costing method.
624000 pounds
Answer:b 608000*100%+16000*100%=624000 equivalent units
Answer:c 608000*100%+16000*65%=618400 equivalent units
Particulars Quantity schedule Units to be accounted for: Beginning WIP Inventory 24000 Started into production 600000Total units to be accounted for
624000 Completed during september 608000 Closing WIP 16000Related Questions
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