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Starling Chemical uses a weighted-average process-costing system. The following data relate to May:

Work in process, May 1:

25,000 pounds

Direct material

70% Complete

Conversion

80% complete

Units stared into production  

80,000 pounds

Work in process, May 31:

30,000 pounds

Direct material

40% complete

Conversion

65% complete

A. Calculate the number of pounds completed during May.

B. Calculate equivalent units of materials and conversion for May.

C. Does Starling introduce all of its direct materials at the very beginning of production? Why?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91521950
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