Use the following to answer questions# 2,3,4 The information below was obtained from the records...
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Use the following to answer questions# 2,3,4 The information below was obtained from the records of the first processing department of Christine Corporation for the month of July. The company uses the weighted-average method in its process costing system. Labor and Overhead Percent Completed 25% Work in process inventory, July 1 Started during the month Completed during the month Work in process inventory, July 31 Units 20,000 70,000 80,000 All materials are added at the beginning of the manufacturing process. ? 40% Total units in work in process inventory, July 31 is 5,000 7,000 10,000 20,000 2,000 . b. . d. e. The equivalent units of production for material for the month are: 70,000 b. . 90,000 80,000. C. 82,500. 84,000 . The equivalent units of production for labor and overhead for the month are: 70,000 . 90,000 b. 80,000 . d. 82.500. 84.000
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