FIFO method, equivalent units and unit costs. Refer to the information in Exercise 17-22. Suppose the Satellite

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FIFO method, equivalent units and unit costs. Refer to the information in Exercise 17-22.

Suppose the Satellite Assembly Division uses the FIFO method of process costing instead of the weighted-average method.

Required 1. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column ofyour schedule.

2. Calculate cost per equivalent unit for direct materials and conversion costs.

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