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Abc holding uses the weighted average method in its process costing system. The company packaging department has the following data for the last month. Materials
Abc holding uses the weighted average method in its process costing system. The company packaging department has the following data for the last month. Materials Labor Beginning inventory 20000 50000 Cost added during the month 20000 40000 Jeddah holding computed the equivalent units of production as follows Materials Labor Equivalent units of production 5000 3000 Overhead 100000 120000 Overhead 2000 1. Compute the cost per equivalent unit for materials, labor, and overhead. 2. Compute the total cost per equivalent whole unit 3. Journalize the work in process
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