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Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work in Process Inventory T - account
Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work in Process Inventory Taccount for the Bending department is shown below. The units in beginning work in process inventory had direct materials costs of $ and conversion costs of $ Also shown is unit data for the Bending department this period.
tableUnits,tableDirectMaterialsConversiontablePercentCompletetablePercentCompleteBeginning work in process inventory,
Compute cost per equivalent unit of production for both direct materials and conversion.
Assign costs to the department's output specifically, to the units transferred out and to the units in ending work in process inventory
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