Conlon Chemicals manufactures paint thinner. Information on the work in process
ID: 2585220 • Letter: C
Question
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 40,000 partially complete gallons. Transferred out, 214,000 gallons. Ending inventory (materials conversion costs are 11 percent complete. are 21 percent complete -$ialissd illl IK)I1th, 243, 100 gallons. Required: a. Compute the equivalent units for materials using the weighted-average method. Equivalent units (gallons) b. Compute the equivalent units for conversion costs using the weighted-average method. Equivalent units (gallons)Explanation / Answer
Ending inventory = 243100+40000-214000= 69100 a Equivalent units for materials = 214000+(69100*21%)= 228511 b Equivalent units for conversion costs = 214000+(69100*11%)= 221601