Solex Company produces a high-quality insulation material that passes through tw
ID: 2362269 • Letter: S
Question
Solex Company produces a high-quality insulation material that passes through two production processes. Data for June for the first process follow: Required: Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for June for the first process. Compute the costs per equivalent unit for June for the first process. (Round your answers to 2 decimal places.) Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June. (Round your intermediate calculations to 2 decimal places. Round your final answer to whole dollar amount.)Explanation / Answer
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