Solution-Compute the equivalent units of direct materials

Compute the equivalent units of direct materials

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Reference no: EM131728847

Murray Chemical Company refines a variety of petrochemical products. These data are from the firm's Houston plant:

Work-in-process inventory, September 1	4,760,000 gallons
Direct materials	50% completed
Conversion	20% completed
Units started in process during September	6,320,000 gallons
Work-in-process inventory, September 30	2,890,000 gallons
Direct materials	40% completed
Conversion	60% completed

Required:

a. Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method.

b. Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method.

Reference no: EM131728847

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Compute the equivalent units of direct materials

Reference no: EM131728847

Reference no: EM131728847

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