rysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6) and other materials (sugar and flavorings) are mixed and churned to make ice cream. The following data are for Department 12 for August:
Production: Units in process, August 1, 30 percent complete 40,000
Units completed and transferred out 140,000
Units in process, August 31, 70 percent complete 30,000
With respect to conversion costs.
1. Prepare a physical flow schedule for the month.
2. Using the Weighted Average Method, calculate equivalent units for the following categories: transferred-in, materials, and conversion.