Wa Eup O Malley Corp Uses A Weighted Average Process Costing System Material Is

wa eup…O’Malley Corp uses a weighted average process costing system. Material is added at the beginning of the production process and overhead is applied on the basis of direct labor. O’Malley records indicate that 70,000 units were in process at the beginning of may 2013; these units were 30% complete as to conversion. In May, the company started 445300 and completed 427500 units. May’s ending inventory was 35% complete as to conversion

Solution to assignment of sparkys1 (Feb 20)PHYSICAL UNITS:Units in beginning WIP inventoryUnits started in MayTotal units to be accounted for 70,000445,300515,300 EQUIVALENT UNITS:Physical…

Leave a Reply

Your email address will not be published. Required fields are marked *