Haruto Company uses process costing to account for the costs of its only product, X

1. Haruto Company uses process costing to account for the costs of its only product, X.
Production takes place in two departments—Sanding and Polishing. On December
31, the inventory for Product X was as follows:

No unused materials
Work in process—
Sanding Department 700 units (3/4 complete as to labor)
Work in process—
Polishing Department 900 units (1/2 complete as to materials and
3/4 complete as to direct labor)
Finished Goods 500 units
Required:

(1) Compute the equivalent units of materials in all inventories combined at
December 31.

(2) Compute the equivalent units of the Sanding Department’s direct labor in all inventories at December 31.

-25-


Buy plagiarism free, original and professional custom paper online now at a cheaper price. Submit your order proudly with us



Essay Hope