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i need help solving this problem Use the following information for the Department to calculate the required for the month of June. The company uses
i need help solving this problem
Use the following information for the Department to calculate the required for the month of June. The company uses FIFO method. Beginning inventory (June 1) Units of product 8 326 % of completion - direct materials 21 % % of completion direct labour 37 % % of completion-factory overhead 62 % Units started during June 39 814 29 058 Units transferred from Department X to Department Yin June Ending inventory (June 30) Units of product % of completion direct materials 75 % % of completion direct labour 29% % of completion-factory overhead 73% 19082 Manufacturing costs during June: Direct materials 1 234 189 $ Direct labour 953 456 $ Factory overhead 548 971 $ Required - Calculate: 1. Physical flow of units 2. Equivalent units of production for (FIFO method): a. Direct materials b. Direct labour c. Factory overhead 3. Cost per equivalent unit Step by Step Solution
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