Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertain to May: Units Work in process, May 1 15,000 Units started during May 60,000 Units completed and transferred out 68,000 Work in process, May 31 7,000? Total Direct Materials Conversion CostsCosts: Work in process, May 1$41,250 $16,500 $24,750 Costs incurred during May 234,630 72,000 162,630 Totals$275,880 $88,500 $187,380 Using the weighted-average method of process costing, the equivalent
units of conversion activity total:
A. 68,000.
B. 74,000.
C. 69,400.
D. 60,400.
E. None of the answers is correct.
Answer: C
You might also like to view...
When Karley needed to improve her programming skills, she joined an online group of programmers who shared tips with one another about common programming problems. This is an example of how social media is used in ______.
A. recruitment and selection B. onboarding C. training and development D. performance management
Anything that can be used to fill a need
Lot sizes and cycle inventory do not affect the flow time of material within the supply chain
Indicate whether the statement is true or false.
In a managed care program your primary care physician serves as a gatekeeper to network services
Indicate whether the statement is true or false