Question
A Company adds material at the start of production. The following production information is available for February: Beginning Work in Process Inventory (35% complete as
A Company adds material at the start of production. The following production information is available for February:
Beginning Work in Process Inventory (35% complete as to conversion) 10,000 units
Started this period 120,000 units Ending Work in Process Inventory (60% complete as to conversion) 8,000 units
Beginning Work in Process Inventory Costs: Material $32,000 Conversion 74,000
Current Period Costs: Material $ 298,243 Conversion 89,979
A) Refer to the Company. What are the equivalent units for material using the weighted average method?
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Contemporary Auditing
Authors: Michael C. Knapp
10th edition
978-1285066608, 128506660X, 978-1305445161, 1305445163, 978-1305970816
