Levittown Company employs a process cost system for its manufacturing operations. All direct materials are added at the beginning of the process and conversion costs
are added proportionately. Levittown’s production quantity schedule for November is reproduced in the next column.
Work-in-process November 1
(60% complete as to conversion costs)
1,750
Units started during November
4,750
Total units to account for
6,500
Units completed and transferred out from beginning inventory
1,250
Units started and completed during November
3,250
Work-in-process on November 30
|(20% complete as to conversion costs)
2,250
Total units accounted for
6,750
Using the FIFO method, Levittown’s equivalent units for direct materials for November are
Answer:
Using the weighted average method, Levittown’s equivalent units for direct materials for November are
Answer: