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ques 11 Grand River Company produces a high-quality insulation material that passes through two production processes. Data for November for the first process follow: Required:
ques 11
Grand River Company produces a high-quality insulation material that passes through two production processes. Data for November for the first process follow: Required: 1. Assume that the company uses the weighted-overage method of accounting for units and costs. Determine the equivalent units for November for the first process. 2. Compute the costs per equivalent unit for November for the first process. (Round your answers to 2 decimal places.) 3. Determine the totol cost of ending work in process inventory and the total cost of units transferred to the next process in Novembe (Round intermediate colculations to 2 decimal places.) Step by Step Solution
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