Acc505 Managerial Accounting: (TCO F) The Michigan Company manufactures a product

Acc505 Managerial Accounting

(TCO F) The Michigan Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below:
Percent completed
Units Materials Conversion
Work in process, June 1 40,000 65% 45%
Work in process, Jun 30 35,000 75% 65%
The department started 175,000 units into production during the month and transferred 180,000 completed units to the next department.

REQUIRED:
Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.



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