SOLUTION BY CHARTERED ACCOUNTA

SOLUTION BY CHARTERED ACCOUNTANT.(TCO F) The Indiana 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 70,000 65% 45%Work in process, Jun 30 60,000 75% 65%The department started 290,000 units into production during the month and transferred 300,000 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.(Points : 20)

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