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QUESTION 1 The following information is belong the Petra Company, the Materials are added at...

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Accounting

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QUESTION 1 The following information is belong the Petra Company, the Materials are added at the beginning of the production process. The Petra company uses a Weighted Average process costing system. The following information on the physical flow of units is available for the month of November 90,000 1,020,000 960,000 150,000 Beginning Work in process (70% complete) Units started in November Units Completed in November and transferred out Ending work in process (40% complete) And, the Cost data for November show the following: Beginning Work in process Inventory Direct Material costs Conversion costs Current period costs Direct Materal costs Conversion costs $ 35,670 110,630 $ 408,330 1,521370 Required 1 Compute the equivalent units for the materials and conversion calculation assuming Petra Company uses the weighted average method. 2 Compute the cost per equivalent unit for materials and conversion costs for November

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