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Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process follows: Beginning inventory, 140,000 partially complete liters. Ending inventory, 110,000 liters; units
Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process follows:
- Beginning inventory, 140,000 partially complete liters.
- Ending inventory, 110,000 liters; units are 25 percent complete with respect to materials and 60 percent complete with respect to conversion costs.
- Started this month, 695,000 liters.
Required:
- Compute the equivalent units for materials using the weighted-average method.
- Compute the equivalent units for conversion costs using the weighted-average method.
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