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  3. 8-18 conlon chemicals manufactures paint thinner.

8-18 Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning...

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Accounting

8-18

Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

  • Beginning inventory, 37,900 partially complete gallons.
  • Transferred out, 208,400 gallons.
  • Ending inventory (materials are 19 percent complete; conversion costs are 9 percent complete).
  • Started this month, 240,800 gallons.

Required:

a. Compute the equivalent units for materials using the weighted-average method.

b. Compute the equivalent units for conversion costs using the weighted-average method.

Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

  • Beginning inventory, 43,200 partially complete gallons.
  • Transferred out, 214,100 gallons.
  • Ending inventory (materials are 19 percent complete; conversion costs are 12 percent complete).
  • Started this month, 236,100 gallons.

Required:

a. Compute the equivalent units for materials using the weighted-average method.

b. Compute the equivalent units for conversion costs using the weighted-average method.

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