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Question 4 (30 points) The games department at Stanley Cup Inc for last month started 10,000 units into production. The department had 2,500 units in
Question 4 (30 points) The games department at Stanley Cup Inc for last month started 10,000 units into production. The department had 2,500 units in process at the beginning of the month, and these units were 60% complete with respect to conversion costs. There were 3,500 unitsin process at the end of the month, and these units were 50% complete with respect to conversion costs. A total of 9,000 units were completed and transferred to the next department during the month. Required: 1. For last month calculate the equivalent units for conversion using the weighted- average method. (11 marks) 2. For last month calculate the equivalent units for conversion using the FIFO method. (11 marks) 3. The CFO of the company would like you to explain the difference between the two methods, provide two (2) examples each. [8 marks) Paragragh Add a File Record Audio Becord Video
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