The management for Crane Corp. has asked the company’s cost accountant Paul to compile some data about their process…

The management for Crane Corp. has asked the company’s cost accountant Paul to compile some data about their process…

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The management for Crane Corp. has asked the company’s cost accountant Paul to compile some data about their process costing.
Crane Corp. is a regional factory that manufactures peach-scented soy candles that are sold in glass mason jars. During their most
recent year, Crane started 50700 candles and completed a total of 38950 by the end of the year. The company began the year with
3980 candles in its Work-in-Progress (WIP) Inventory, about 28% incomplete, and the ending WIP Inventory units are 20% incomplete
overall. Crane adds both Conversion Costs (CC) and Direct Material (DM) resources evenly throughout the process. Paul has decided
to use First-In, First-Out (FIFO) for the company’s process costing and has determined the equivalent units to be?

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Answer rating: 100% (QA)

The equivalent units for Crane Corp are as follows Direct Materials DM Comp
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