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PLEASE MAKE SURE ANSWER IS CORRECT, LAST ANSWER I GOT ON THIS WAS COMPLETELY WRONG! Equivalent Units of Production: Average Cost Method The following information
PLEASE MAKE SURE ANSWER IS CORRECT, LAST ANSWER I GOT ON THIS WAS COMPLETELY WRONG!
Equivalent Units of Production: Average Cost Method The following information concerns production in the Finishing Department for May. The Finishing Department uses the average cost method ACCOUNT Work in Process-Finishing Department Date ACCOUNT NO Item Debit Credit Balance Debit 114,000 454,685 665,885 880,485 32,495 32,495 Credit May 1 31 31 31 31 31 Bal., 22,800 units, 75% completed Direct materials, 111,700 units Direct labor Factory overhead Goods transferred, 118,600 units Bal., 2 units, 30% completed 340,685 211,200 214,600 847,990 a. Determine the number of units in work in process inventory at the end of the month units b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for May Whole units Equivalent units of production units unitsStep by Step Solution
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