Trunkey Products Inc

question 26

Essay

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 the company follows average costing method.

---

Definitions:

Social-Cultural Perspective

An approach in psychology that examines how social, cultural, and environmental variables influence individuals' behavior and thought processes.

Group Membership

Belonging to a social group and identifying as a member of it, which can influence one's behavior, attitudes, and perceptions of others.

Individual Attitudes

Personal evaluations, feelings, or opinions toward objects, people, or events, which can influence behavior and choices.

Psychodynamic Perspective

A psychological approach that emphasizes unconscious processes and past conflicts as influencing current behaviors and mental states.