Tuesday, 13 October 2020

The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day.

 The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day.

 

Required:

a. Compute the equivalent units for the materials and conversion cost calculations.


b. Compute the cost per equivalent unit for direct materials and conversion costs.

 Explanation

 


Thanks

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