The equivalent units for materials for June, using the weighted average method, were:
The equivalent units for labor and overhead for June, using the FIFO method, were:
The equivalent units for materials for June, using the FIFO method:
The equivalent units for labor and overhead for June, using the weighted average method, were:
Helen Company's Staining Department recorded the following activity in June:
Units Percentage complete Work in process inventory, June 1 8,000 35%
Started into production during June 50,000
Work in process inventory, June 30 12,000 55%
All materials are added at the beginning of the process in the Staining Department.