10 ACCT questions!

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Ivanhoe Company has the following production data for selected months.

Ending Work in Process

Month Beginning

Work in Process Units

Transferred Out Units % Complete as to Conversion Cost

January –0– 37,800 10,800 40 %

March –0– 43,200 8,640 75

July –0– 48,600 17,280 25

Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process.

Materials Conversion Costs

January

March

July

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221 HW4 Ch 21

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Attempts: 0 of 3 used Submit Answer 221 HW4 Ch 21

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