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On January 1, Sheridan Company had 1,200 gallons of juice that were already 30% complete for conversion costs at that time. Conversion costs are added
On January 1, Sheridan Company had 1,200 gallons of juice that were already 30% complete for conversion costs at that time. Conversion costs are added evenly throughout production, while two DM resources are added at different stages: flavoring, added at the beginning of the process, and packaging, added when units have received 95% of conversion costs. Throughout the year, Sheridan started another 69,400 gallons of juice. By year-end, 69,200 gallons had been completed, leaving 1,400 gallons still in WIP Inventory. These ending units were 80% complete for conversion costs so had not yet been packaged. If Sheridan had instead used the weighted-average method of process costing, what would its equivalent units of production have been this period? Attempts: 0 of 3 used Conversion Costs \% Added This Period Equiv. Units % %
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