Reference no: EM132574539
Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 70% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertain to May:
UnitsWork in process, May 1 19,000
Units started during May 60,900
Units completed and transferred out 67,500
Work in process, May 31 12,400
Total Direct Materials Conversion Costs
Costs: Work in process, May 1 $47,400 $19,000 $28,400
Costs incurred during May 322,700 81,700 241,000
Totals $370,100 $100,700 $269,400
Question 1: Using the weighted-average method of process costing, the equivalent units of direct materials total: