uiz Chapter 4 Calculate Equivalent Un c Secure Ihttps/mybusinesscourse.com/platf

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uiz Chapter 4 Calculate Equivalent Un c Secure Ihttps/mybusinesscourse.com/platform/mod urse.com/platform/mod/quiz/attempt.php?attempt-1504008 sinessCourse E Menu CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 1Not complete Points out of 13.00 P Fiag question Equivalent Units Calculations-Weighted Average Method Terrace Corporation makes an industrial cleaner in two sequential departments, Compounding and Drying. All material is added at the beginning of the process in the Compounding Department. Conversion costs are added evenly throughout each process. Terrace uses the weighted average method of process costing. In the Compounding Department beginning work in process was 4.000 pounds (60% processed, 68,000 pounds were started, 64.000 pounds were transferred out and ending work in process was 80% processed. Calculate equivalent units for the Compounding Department for August 2016 Flow of Units and Equivalent Units Calculation, August 2016 Equivalent Units %Work Done Conversion Costs Direct done

Explanation / Answer

Ferris Corporation
Flow of Units and Equivalent Units Calculation, March 2016 Equivalent Units % Work
done Direct
Materials % Work
Done Conversion
Costs Complete/Transferred 64,000 100 % 64,000 100 % 64,000 Ending Inventory(4000+68000-64000) 8000 100 % 8,000 80 % 6,400 Total 72,000 72,000 70,400

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