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Acc Question 1 5 pts Ashley Plastics, Inc., manufactures plastic moldings for car seats. Its costing system uses two cost categories, direct materials and conversion
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Question 1 5 pts Ashley Plastics, Inc., manufactures plastic moldings for car seats. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Data for Department A for February 2020 are: Work in process, beginning inventory, 40% converted 200 units Units started during February 600 units Work in process, ending inventory: 100 units 30% complete as to conversion costs 100% complete as to materials Costs for the Department A for February 2020 are: Work in process, beginning inventory: Direct materials $200,000 Conversion costs $200,000 Direct materials costs added during February $2,000,000 Conversion costs added during February $2,500,000 What were the equivalent units of direct materials and conversion costs, respectively, at the end of February? Assume Ashley Plastics, Inc., uses the weighted-average process costing method. O 600, 500Step by Step Solution
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