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Please help me understand how to calculate EUP and Percent complete for the following. A process manufacturer reports the following: Conversion Percent Units Complete Beginning
Please help me understand how to calculate EUP and Percent complete for the following.
A process manufacturer reports the following: Conversion Percent Units Complete Beginning work in process inventory 150, 090 80% Units started this period 310, 090 Units completed and transferred out 340, 090 Ending work in process inventory 120, 090 25% QS 16-5 (Static) Weighted average: Computing equivalent units of production LO P1 Compute the total equivalent units of production for conversion. The company uses the weighted average method. Equivalent units of production: Weighted average method Conversion Units Percent Complete EUP Ending work in process 120,000 25% Completed and transferred out 340,000 Total 460,000Step by Step Solution
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