Blackwell Corporation Uses a Process Costing System and Has Just

question 36

Essay

Blackwell Corporation uses a process costing system and has just completed production for the month of December 2014.The following production data were obtained from the accounting records:
a.Units in beginning inventory totaled 9,000 and were 80 percent complete as of December 1 (all direct materials were added to these products in the preceding month).
b.During the period,216,000 units were started.
c.17,400 units were partially completed as of December 31,2014.
d.Ending work in process inventory was 100 percent complete with respect to direct materials and 70 percent complete with respect to conversion costs at month end.
Using the information provided,compute the equivalent units of production for direct materials and conversion costs for the month ended December 31,2014,assuming a FIFO costing flow.

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Definitions:

Service Life

The period during which an object or equipment is expected to perform effectively and reliably before it needs to be replaced.

Compressor Inlet Restriction

A condition where the airflow into a compressor is impeded, leading to reduced performance and potential damage.

Unloader Circuit

A hydraulic or pneumatic circuit component designed to relieve pressure or unload the pump of its load when reaching a preset value.

Air Dryer Purge Valve

A component within an air dryer system that releases air and moisture from the system to prevent water build-up and maintain effective operation.