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    Petro Tech Company refines a variety of petrochemical products. The following data are from the firm's Amarillo plant. Compute the equivalent units of direct material and conversion for the month of July. Use the weighted-average method of process costing.

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    Petro Tech Company refines a variety of petrochemical products. The following data are from the firm's Amarillo plant.

    Work in process, July 1 1,900,000 liters
    Direct material 100% complete
    Conversion 30% complete
    Units started in process during July 750,000 liters
    Work in process, July 30 250,000 liters
    Direct material 100% complete
    Conversion 70% complete

    Compute the equivalent units of direct material and conversion for the month of July. Use the weighted-average method of process costing.

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    Solution Preview

    Total equivalent units for weighted average method = Beginning units in ...

    Solution Summary

    The equivalent units of direct material and conversions for the month of July are computed. The computations are shown for you. No references are provided.

    $2.19

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