Lambert Company produces a product where all manufacturing inputs are applied uniformly. Lambert produced the following physical
Question:
Lambert produced the following physical flow schedule for April:
Units to account for:
Units in BWIP (40 percent complete) ......... 45,000
Units started ................. 105,000
Total units to account for ............ 150,000
Units accounted for:
Units completed:
From BWIP ................. 30,000
Started and completed .............. 96,000
126,000
Units, EWIP (75 percent complete) ........ 24,000
Total units accounted for ............ 150,000
Required:
Prepare a schedule of equivalent units using the weighted average method.
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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