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Q1) Honey butter, Inc., produces product which goes through two departments previous to completion. Following information is available about work in first department, Mixing Department, in June.

		Percent Completed
	Units	Materials	Conversion
Work in process, beginning	70,000	70%	40%
Started into production	460,000
Completed and transferred out	450,000
Work in process, ending	80,000	75%	25%
		Materials	Conversion
Work in process, beginning		$36,550	$13,500
Cost added during June		$391,850	$287,300

Suppose that company uses weighted-average method. Find out the equivalent units for June for first process.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M918399

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