Francisco's mass-produces folding chairs in Mexico. All direct materials are added at the beginning of...
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Accounting
Francisco's mass-produces folding chairs in Mexico. All direct materials are added at the beginning of production, and conversion costs are incurred evenly throughout production. The following production information is for the month of May:
|
| Physical Units |
|---|---|
| Beginning WIP (40% complete) | 9,000 |
| Started in May | 50,000 |
| Completed in May | 47,000 |
| Ending WIP (30% complete) | 12,000 |
Calculate the equivalent units used to calculate cost per unit under the weighted average method.
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