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[ 7 ] Using the FIFO method, Levittowns equivalent units for direct materials for November are [ 8 ] Using the FIFO method, Levittowns equivalent
[ 7 ] Using the FIFO method, Levittowns equivalent units for direct materials for November are
[ 8 ] Using the FIFO method, Levittowns equivalent units for conversion costs for November are
[ 9 ] Using the weighted-average method, Levittowns equivalent units for direct materials for November are
10 ] Using the weighted-average method, Levittowns equivalent units for conversion costs for November are
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1,000 5,000 6,000 Fact Pattern: Levittown Company employs a process Work-in-process November 1 cost system for its manufacturing (60% complete as to conversion operations. All direct materials are costs) added at the beginning of the process Units started during November and conversion costs are added Total units to account for proportionately. Levittown's production quantity schedule for November is Units completed and transferred out reproduced in the next column. from beginning inventory Units started and completed during November Work-in-process on November 30 (20% complete as to conversion costs) Total units accounted for 1,000 3,000 2,000 6,000
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