Equivalent Units and Cost per Equivalent Unit—Weighted-Average Method Kalox, Inc. manufactures an antacid product that passes through two departments. Data for May for the first department follow: Gallons Materials Labor Overhead Work in process, May 1 80,000 $ 68,600 $ 30,000 $ 48,000...

1. True or False. If 30,000 units of materials enter production during the first year of operations, 25,000 of the units are finished, and 5,000 are 30% completed, the number of equivalent units of production would be 28,500. I know that the answer is false but can someone help me understand...

TOTAL PROBLEM (NOTE MY SOLUTION IS BELOW THE PROBLEM BUT IT Isn't BALANCING) Beginning of Month #'s: Direct Labor = $24,000 WIP = 5,000 Direct Material = $20,000 Completed = 80,000 completed and transferred to Packaging Dept Over Head = $4,000