Northern Washington Lumber Company grows, harvests, and processes timber for use as building lumber. The...
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Accounting
Northern Washington Lumber Company grows, harvests, and processes timber for use as building lumber. The following data pertain to the company's sawmill:
Work-in-process inventory, January 1
(direct materials: 60%, conversion: 40%)38,000 units
Work-in-process inventory, December 31
(direct materials: 70%, conversion: 60%)19,000 units
During the year the company started 197,500 units in production.
Required:
physical flow schedule.
2. Compute the number of equivalent units of both direct materials and conversion for the year, using the weighted-average method.
Physical flow schedule.
Quantity Schedule (in units)
Input Work-in-process inventory
Units started
Total units to account for
Output
Units completed
Work-in-process inventory
Total units accounted for
Compute the number of equivalent units of both direct materials and conversion for the year, using the weighted-average method.
Equivalent Units
Direct materials
Conversion
Answer & Explanation
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