process at the end of both January and February . Monthly conversion costs are allocated between ending work in process and units completed . Compared to the FIFO method , would the weighted average method use the same or a greater number of equivalent units to calculate the monthly allocations ?
57 . In process 2 , material G is added when a batch is 60 % complete . Ending work in process units , which are 50 % complete , would be included in the computation of equivalent units for
58 . The following information pertains to Lap Co .' s Palo Division for the month of April : All materials are added at the beginning of the process . Using the weighted average method , the cost per equivalent unit for materials is
59 . Which of the following is not a basic approach to allocating costs for costing inventory in joint-cost situations ?
60 . Kode Co . manufactures a major product that gives rise to a byproduct called May . May ' s only separable cost is a $ 1 selling cost when a unit is sold for $ 4 . Kode accounts for May ' s sales by deducting the $ 3 net amount from the cost of goods sold of the major product . There are no inventories . If Kode were to change its method of accounting for May from a by-product to a joint product , what would be the effect on Kode ' s overall gross margin ?
61 . Mighty , Inc . processes chickens for distribution to major grocery chains . The two major products resulting from the production process are white breast meat and legs . Joint costs of $ 600,000 are incurred during standard production runs each month , which produce a total of 100,000 pounds of white breast meat and 50,000 pounds of legs . Each pound of white breast meat sells for $ 2 and each pound of legs sells for $ 1 . If there are no further processing costs incurred after the split-off point , what amount of the joint costs would be allocated t