Reference no: EM132751730
Question - Jelly Products work in process T account for July month is:
Work In process Debit side:
Inventory Jul 1: 63,700
Materials 397,600
Conversion 187,600
What is the ending Inventory for July?
How many units were completed and transferred to the next department?
The July 1 work in process inventory consisted of 35,000 pounds with $43,400 in materials cost and $20,300 in conversion cost.
The July Work in process was 100% complete with respect to materials and with respect to conversion was 80% complete.
During July, 280,000 were started into production.
The July 31 inventory consisted of 45,000 pounds that were 100% complete with respect to Materials and 60% complete with respect to conversion.
The company uses the weighted average method to account for units and costs.
Calculate the equivalent units of production for July.