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need 7 a/d answered soon Massey Corporation uses a process cost system and the weighted-average cost flow assumption. Production begins in the Fabricating Department where
need 7 a/d answered soon
Massey Corporation uses a process cost system and the weighted-average cost flow assumption. Production begins in the Fabricating Department where materials are added at the beginning of the process and comversion costs are incured uniformly throughout the process. On March 1 , the beginning work in process inventory consisted of the following During March, the following occurred: Instructions Answer the followng questions and show the computations that support your answers (you may find a production report helpful). a. What are the equivalent units of production for materials and conversion costs in the Fabricating Department for the month of March? b. What is the cost per equivalent unit for Materials and Conversion Costs? c. What are the costs assigned to units completed and transferred out during March? d. What are the costs assigned to the ending work in process inventory on March 31 Step by Step Solution
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