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:
Element
A single-type atom substance characterized by its unique atomic number, the count of protons in its nucleus, defining it as a pure chemical element.
Electron Configuration
The distribution of electrons of an atom or molecule in atomic or molecular orbitals, influencing chemical bonds and properties.
Element
A substance that cannot be broken down into simpler substances by chemical means, consisting of atoms all with the same number of protons.
Electron Configuration
The arrangement of electrons in an atom or molecule within atomic or molecular orbitals.
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