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Questions -
Q1. Department M had 600 units 60% completed in process at the beginning of June, 6,000 units completed during June, and 700 units 30% completed at the end of June. Using the weighted average method of inventory costing, what was the number of equivalent units of production for conversion costs for the period?
Q2. Department R had 5,000 units in work in process that were 15% completed as to labor and overhead at the beginning of the period 30,000 units were started liming the period, 32,000 units were completed during the period, and 3,000 units were 40% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The weighted average method is used to cost inventories. What the number of equivalent units of production for conversion costs for the period?
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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