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19, 20 Required information (The following information applies to the questions displayed below.) Oasis Company adds all materials at the beginning of its manufacturing process.
19, 20
Required information (The following information applies to the questions displayed below.) Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units to find the missing amounts. Determine the number of units started and completed each month. 2. Calculate the number of equivalent units for both materials and conversion for each month using the FIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reconcile the number of physical units to find the missing amounts. Determine the number of units started and completed each month. Beginning Ending Work in Process Work in Process Conversion Conversion Units Complete Units Units Complete Started and Month Units (percent) Started Completed Units (percent) Completed February 3,000 50 38,000 13,000 30 June 8,400 75 46,600 8,000 45 September 20 52,800 50,000 4,600 60 December 5,800 44,000 42,800 70 30 Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the number of equivalent units for both materials and conversion for each month using the weighted average method. Equivalent Units Materials Conversion Month February June September DecemberStep by Step Solution
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