55) Henry’s Wagons collected the following production information relating to May’s assembly operations: Physical Units Direct Materials (% Complete) Conversion Costs (% Complete) Beginning work in...

55) Henry’s Wagons collected the following production information relating to May’s assembly operations:

Complete the first two steps in the process costing procedure:

1.
Summarize the flow of physical units.

2.
Compute output in terms of equivalent units.

(Hint: Your answer should look similar to Exhibit 5-5.)

56) Henry’s Wagons collected the following production information relating to July’s

assembly operations:

Complete the first two steps in the process costing procedure:

1.
Summarize the flow of physical units.

2.
Compute output in terms of equivalent units.

(Hint: Your answer should look similar to Exhibit 5-5.)