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Apple Inc. uses process costing for its manufacturing operations. During the month of December, the company had the following production activity: Beginning work in process
- Apple Inc. uses process costing for its manufacturing operations. During the month of December, the company had the following production activity:
- Beginning work in process inventory: 5,000 units, 30% complete
- Units started and completed: 20,000 units
- Ending work in process inventory: 3,000 units, 40% complete
Calculate the equivalent units of production for direct materials and conversion costs.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
