Equivalent Units of Production Wheatmore Company manufactures cold cereal products, such as Frosted Flakes. Assume that...

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Equivalent Units of Production Wheatmore Company manufactures cold cereal products, such as Frosted Flakes. Assume that the i During March, 61,420 boxes of 24-oz. cereal were packaged. Conversion costs are incurred when a box is filled with cereal. On

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Answer 1

Answer #1

Wheatmore Company Equivalent Units of Production for Cereal, Boxes, and Conversion Cost For March
	Cereal (in pounds)	Boxes (in boxes)	Conversion Cost (in boxes)
Inventory in process, March 1	0	0	740
Started and completed in March	91020	60680	60680
Transferred to finished goods in March	91020	60680	61420
Inventory in process, March 31	1440	960	0
Total	92130	61420	61420

61420-740 = 60680

60680*1110/740 = 91020

61420*1110/740 = 92130

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Answer 2

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