Wallmart Company manufactures a product that passes through two processes. The following information is available...
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Accounting
Wallmart Company manufactures a product that passes through two processes. The following information is available for the first department for August:
- Beginning work-in-process consisted of 12,000 units that were 85 percent complete with respect to conversion.
- Ending work-in-process consisted of 7,500 units that were 30 percent complete with respect to conversion.
- 70,500 units were started in process during the month.
- All materials are added at the beginning of the process.
Required:
- Prepare a detailed summary of units in process during the month.
- Compute equivalent units in process for Materials and Conversion using the weighted average method.
Show all calculations. Excel is preferable for this question.
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