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An entity uses a process costing system to account for a two-department operation. Materials are added at the start of processing in Department P and
An entity uses a process costing system to account for a two-department operation. Materials are added at the start of processing in Department P and at the end of processing in Department Q. Department Q's BWIP for April consists of 6,000 units 662/3% complete. During the month, 24,000 units were transferred in from Department P, and 22,000 units were completed and transferred out. EWIP contains 8,000 units 50% complete. How many EUP of transferred-in costs must be accounted for by Department Q for the month? Using weighted average, 22,000. Using weighted average, 24,000. Using FIFO, 24,000. Using FIFO, 30,000
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