Frankoff Company had a beginning work-in-process inventory of 30,000 units on June 1. These units contained $120,000 of direct materials and $272,000 of conversion cost. The following data relate to activity during June:
Frankoff uses a weighted-average process-costing system. All materials are added at the start of manufacturing; in contrast, conversion cost is incurred evenly throughout production.
Required:
A. Compute the total equivalent units for direct material and conversion cost.
B. Compute the cost per equivalent unit of direct material and conversion cost.
C. Determine the cost of completed production.
D. Determine the cost of the June 30 work in process.
Definitions:
Monocultural Backgrounds
Environments or societies where there is a predominant culture that influences norms, values, and behaviors, with little cultural diversity.
Empathic Ability
The capacity to understand and share the feelings of another individual.
Fixed Role Therapy
A therapeutic approach developed by George Kelly, focusing on role-playing and scripting to bring about change in personality.
Undesirable Constructs
Negative or harmful mental models or beliefs that can influence individuals' perceptions and behaviors in adverse ways.
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