Question

Terra Energy Company refines a variety of petrochemical products. The following data are from the firm’s...

Terra Energy Company refines a variety of petrochemical products. The following data are from the firm’s Lodi plant.

Work in process, November 1 1,620,000 gallons
Direct material 100 % complete
Conversion 40 % complete
Units started in process during November 775,000 gallons
Work in process, November 30 255,000 gallons
Direct material 100 % complete
Conversion 85 % complete

Required:

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

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