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Equivalent Units Calculations-FIFO Method The following are selected operating data for Jackson Company's Blending Department for November 2019. Painting and packaging operati departments. Beginning inventory
Equivalent Units Calculations-FIFO Method The following are selected operating data for Jackson Company's Blending Department for November 2019. Painting and packaging operati departments. Beginning inventory 20,000 units, 70% complete Started and completed 248,000 units Ending inventory 12,000 units, 40% complete Calculate the equivalent units finished for the month of November using the FIFO method, assuming that the materials are added at the be are incurred evenly throughout. Where do the units come from? Beginning Inventory Started Total Where do the units go? Complete/Transferred Beginning Inventory Started and completed Ending Inventory Total % in November? 96 96 96 Equivalent Units Direct % Work Materials November? 96 Smit Conversion Costs
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