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Lenning Corporation uses the FIFO method in its process costing. The following data pertain to its Assembly Department for August. Percent Complete Units Materials Conversion
Lenning Corporation uses the FIFO method in its process costing. The following data pertain to its Assembly Department for August.
Percent Complete
Units Materials Conversion
Work in process, August
Units started into production during August
Units completed during August and transferred
to the next department
Work in process, August
Required:
Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for August using the FIFO method.
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