Question
Materials are added at the beginning of the production process at Campo Company. Campo uses a FIFO process costing system. The following information on the
Materials are added at the beginning of the production process at Campo Company. Campo uses a FIFO process costing system. The following information on the physical flow of units is available for the month of November:
| Beginning work in process (42% complete) | 92,000 | |
| Started in November | 1,015,000 | |
| Completed in November and transferred out | 961,000 | |
| Ending work in process (65% complete) | 146,000 | |
|
| ||
Required:
Compute the equivalent units for the conversion cost calculation.
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Documentation Improvement Methods The New Accounting Manual
Authors: Athar Murtuza
2nd Edition
0471379387, 978-0471379386
