Required information: (See photo for complete question) [The following information applies to the...

90.2K

Verified Solution

Question

Accounting

Required information: (See photo for complete question)
[The following information applies to the questions displayed below.]
Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accounting
records show the following information for February:
Beginning WIP inventory
Direct materials $26,553
Conversion costs ,8,605
Current period costs
Direct materials 159,792
Conversion costs ,82,020
Quantity information is obtained from the manufacturing records and includes the following:
Required:
a. Compute the equivalent units for the materials and conversion cost calculations.
b. Compute the cost per equivalent unit for direct materials and conversion costs.
Required A:
Equivelant unit for materials:
Equivelant units for conversion costs:
Required B: (Cost per equivelant unit)
Direct Materials:
Conversion Costs:
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students