Maria Corporation uses the process costing system. The following data are available from the books of...
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Maria Corporation uses the process costing system. The following data are available from the books of Department 2. The quality control inspection takes place when the units are 75% completed and materials are added at the start of the process. Work in Process, beg. (40% completed) Units received Units Completed and Transferred Work in Process end (60% completed) Normal lost. Abnormal lost Using the FIFO method, The EUP for materials is: Using the FIFO method, The EUP for conversion costs is: Units 10,000 40,000 40,000 ? 2,000 3,000 Using the Weighted average method, The EUP for materials is: Using the Weighted average method, The EUP for conversion costs is: Using the same data, assume that the materials are added at the end of the process, the inspection takes place when the units are 80% completed and work in process end are 85% completed. Using FIFO method, the EUP for materials is: Using the FIFO method, The EUP for conversion costs is: Using the Weighted average method, The EUP for materials is: Maria Corporation uses the process costing system. The following data are available from the books of Department 2. The quality control inspection takes place when the units are 75% completed and materials are added at the start of the process. Work in Process, beg. (40% completed) Units received Units Completed and Transferred Work in Process end (60% completed) Normal lost. Abnormal lost Using the FIFO method, The EUP for materials is: Using the FIFO method, The EUP for conversion costs is: Units 10,000 40,000 40,000 ? 2,000 3,000 Using the Weighted average method, The EUP for materials is: Using the Weighted average method, The EUP for conversion costs is: Using the same data, assume that the materials are added at the end of the process, the inspection takes place when the units are 80% completed and work in process end are 85% completed. Using FIFO method, the EUP for materials is: Using the FIFO method, The EUP for conversion costs is: Using the Weighted average method, The EUP for materials is:
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To calculate the Equivalent Units of Production EUP for materials and conversion costs using the FIFO and Weighted Average methods we need to use the given data Lets calculate them step by step Using ... View the full answer
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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