The Following Data Have Been Provided by Florrisant Corporation, Which

question 146

Essay

The following data have been provided by Florrisant Corporation, which uses the weighted-average method in its process costing. The data are for the company's Assembly Department for October.
$\begin{array}{ll} &&\text { Percent Complete }\\& \text { Units }&\text { Materials } &\text { Conversion}\\\text {Work-in-process, October 1 } & 900&55\% &50\%\\\text { Units started into production during October } &8,200 \\\text { Units completed during October and } &\\\text { transferred to the next department } &7,100 \\\text { Work-in-process, October 31 } &2,000&85\%&35\% \\\end{array}$
Required:
Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for October using the weighted-average method.

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Definitions:

Synergy

The concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts after a merger or acquisition.

Price-Earnings Ratio

A valuation metric for a stock, calculated by dividing the current market price of the stock by its earnings per share.

Incremental Value

The additional or extra value generated by making a specific business decision, considered when evaluating multiple options.

Earnings per Share

A financial ratio indicating the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of the company’s profitability.