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QUESTION THREE: Equivalent Units; Applying Costs-Weighted Average Method Fine Linens Inc. manufactures bed and bath linens. The bath linens department sews terry cloth into towels
QUESTION THREE: Equivalent Units; Applying Costs-Weighted Average Method Fine Linens Inc. manufactures bed and bath linens. The bath linens department sews terry cloth into towels of various sizes. Fine uses the weighted average method. All materials are added at the beginning of the process. The following data are for the bath linens department for August: Production: Units in process, August 1, 60 percent complete Units completed and transferred out Units in process, August 31, 60 percent complete 20,000 60,000 20,000 Costs: WIP, August 1 Current costs Total $11,520 72.000 $83.520 Required: 1. Prepare a physical flow analysis for the bath linens department for August 2. Calculate equivalent units of production for the bath linens department for Aug 3. Calculate the unit cost for the bath linens department for August
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