Trunkey Products Inc.uses a process costing system and has just completed production for the month of November 2014.The following production data were obtained from the accounting records:
a.Units in beginning inventory totaled 6,800 and were 30 percent complete as of November 1 (all direct materials were added to these products in the preceding month).
b.During the period,156,200 units were started.
c.19,200 units were partially completed as of November 30,2014.
d.Ending work in process inventory was 40 percent complete at month end.
From the data given,compute the equivalent units of production for direct materials and conversion costs for the month ended November 30,2014,assuming a FIFO flow of costs.
Definitions:
σ Bond
A type of covalent bond formed by the head-on overlap of atomic orbitals, characterized by the shared electron density along the axis connecting the bonded nuclei.
Acetonitrile
An organic nitrile solvent with the formula CH3CN, used widely in pharmaceutical development and as a solvent in high-performance liquid chromatography (HPLC).
Sp² Hybridized
Describes an atom that has three hybrid orbitals formed by the mixing of one s orbital and two p orbitals, often found in planar structures.
Carbon Atoms
The chemical elements that serve as the fundamental building blocks of all organic molecules, characterized by having four electrons available to form covalent chemical bonds.
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