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Assume the inventory in Process for February 1 for the Packing Department included 1,200 pounds of cereal in the packing machin e hopper. In addition, there were 800 empty 24-oz boxes held in the package carausel of the packing machine. during february, 15,000 boxes of 24-oz cereal were packaged. Conversion costs are incurred when a box is filled with cereal. on February 28, the packing machine hopper held 300 pounds of cereal and the package carousel held 200 empty 24-oz boxes. assume that once a boc is filled with cereal, it is immediateley transferred to the finished goods warehouse.

Determine the equivalent units of production for cereal, boxes, and conversion costs for february. An equivalent unit is defined as "pounds" for cereal and "24-oz. boxes" for boxes and conversion costs

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9800320

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