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onumpany has a process conting system. All materials are introduced when conversion cost reach 50 percent. The following information is available for physical units during
onumpany has a process conting system. All materials are introduced when conversion cost reach 50 percent. The following information is available for physical units during March 16310 Work in process, March 1 (70% complete as to conversion costs) Units started in March Units transferred to Finishing Department in March Work in process, March 31 complete as to conversion ) 6.000 21000 Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted average method. Equivalent Units Materials Conversion costs b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method Equivalent Units Materials Conversion costs c. The company president has been under considerable pressure to increase income. He is the controller to change the estimated completion for ending work in process is 70 percentom 30 percent c.1. What it will this change have on the cost of units a ferred to finished goods in March? The change will reduce the unit cost for the units transferred to finished goods The change will increase the unit cost for the units transferred to finished goods 62. Would t he ethical
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