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can someone solve this with steps? thanks for your help. 18-24 Weighted-average method, equivalent units. The assembly division of Fenton Watches, Inc., uses the weighted-average
can someone solve this with steps? thanks for your help.
18-24 Weighted-average method, equivalent units. The assembly division of Fenton Watches, Inc., uses the weighted-average method of process costing. Consider the following data for the month of May 2020: Physical Units (Watches) Direct Materials Conversion Costs 80 $493,360 $ 91,040 Beginning work in process (May 1) Started in May 2020 500 Completed during May 2020 460 Ending work in process (May 31) 120 Total costs added during May 2020 $3,220,000 $1,392,000 Degree of completion direct materials, 10% conversion costs, 40% Degree of completion direct material, 60% conversion costs, 30% Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule Step by Step Solution
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