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ACME company uses weighted average costing. All inputs are applied evenly throughout the process. The following data are provided for the month of June: ACME
ACME company uses weighted average costing. All inputs are applied evenly throughout the process. The following data are provided for the month of June: ACME Company Month Ending June 30, 20XX Units in Beginning WIP (50% complete) 20 Units started Units Transferred Out Units in Ending WIP (25% complete) 1. Complete the following Physical Flow of Units table: Beginning inventory Completed & transferred out: From beginning inventory Started & completed Started Ending inventory Total units to account for Total units accounted for 2. Calculate the equivalent units of production by completing the formulas and entering the correct values in the table below. If required, round intermediate calculations and final answers to one decimal place. Transferred out( X EWIP Total equivalent units
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