PetroTech Company refines a variety of petrochemical products. The following data are from the… 1 answer below »

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PetroTech Company refines a variety of petrochemical products. The following data are from the firm’s Amarillo plant. ,Work in process, July 1………………………………………. 1,900,000 liters,Direct material…………………………………………………… 100% complete,Conversion……………………………………………………….. 30% complete,Units started in process during July…………………….. 750,000 liters,Work in process, July 31……………………………………. 250,000 liters,Direct material………………………………………………….. 100% complete,Conversion……………………………………………………. 70% complete,Required:,Compute the equivalent units of direct material and conversion for the month of July. Use the weighted-average method of process costing.

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