Company has the following production data for selected months.
|
Ending |
|||||||||
|
Month |
Beginning |
Units |
Units |
% Complete as to |
|||||
|
January |
–0– |
35,000 |
10,000 |
40 |
% |
||||
|
March |
–0– |
40,000 |
8,000 |
75 |
|||||
|
July |
–0– |
45,000 |
16,000 |
25 |
|||||
Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process.
|
Materials |
Conversion Costs |
|||
|
January |
|
|
||
|
March |
|
|
||
|
July |
|
|
