Required information
The following information applies to the questions displayed below.
The T L Lin Company manufactures a variety of natural fabrics for the clothing industry in a suburb of Shanghai. The
following data in Chinese currency called yuan CNY pertain to the month of October.
WorkinProcess Inventory, October
Direct materials: complete
Conversion: complete
Costs incurred during October
Direct materials
Conversion
units
yuan
yuan
yuan
yuan
During October, units were completed and transferred out. At the end of the month, units direct
materials and conversion complete remain in WorkinProcess Inventory.
Required:
Calculate each of the following amounts using weightedaverage process costing.
Equivalent units of direct materials and conversion.
Costs per equivalent unit for direct materials and conversion.
Cost of goods completed and transferred out during October.
Cost of the WorkinProcess Inventory at October
Round "WTAVG Cost per EU answers to decimal places.
