Please help me understand the correct way to compute these type of problems, thanks. ...
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Please help me understand the correct way to compute these type of problems, thanks.
Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
-Beginning Inventory, 43,000 partially complete gallons
-Transferred out, 211300 gallons
-Ending inventory (materials are 18 percent complete; conversion costs are 11 percent complete.)
-Started this month, 235,400 gallons
Required:
a. Compute the equivalent units for material using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
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