Business, 26.02.2020 05:20 jerz445

Murray Chemical Company refines a variety of petrochemical products. These data are from the firm’s Houston plant: Work-in-process inventory, September 1 4,800,000 gallons Direct materials 50 % completed Conversion 20 % completed Units started in process during September 5,580,000 gallons Work-in-process inventory, September 30 3,090,000 gallons Direct materials 40 % completed Conversion 60 % completed

Required:
1. Compute the equivalent units of direct materials and conversion for the month of September using the weighted-average method.
2. Compute the equivalent units of direct materials and conversion for the month of September using the FIFO method.

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Murray Chemical Company refines a variety of petrochemical products. These data are from the firm’s...

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