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Cagna Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a
Cagna Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 700 90% 10% 15,000 Work in process, beginning: Units in process... Stage of completion with respect to materials Stage of completion with respect to conversion Units started into production during the month. Work in process, ending: Units in process..... Stage of completion with respect to materials. Stage of completion with respect to conversion 500 50% 40% Required: Using the weighted-average method, determine the equivalent units of production for materials and conversion costs by compiling the Quantity Schedule and Equivalent Units" portion of the production report
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