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Rainbow Glass Company manufactures decorative glass products. The firm employs a process - costing system for its manufacturing operations. All direct materials are added at
Rainbow Glass Company manufactures decorative glass products. The firm employs a processcosting system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. The company's production schedule for October follows:
tableWork in process on October complete as to conversionUnitsUnits started during October,Total units to account for,Units from beginning work in process, which were completed and transferred out during october,Units started and completed during October,Work in process on October complete as to conversionTotal units accounted for,
Required:
Calculate each of the following amounts using weightedaverage process costing.
Equivalent units of direct material during October.
Equivalent units of conversion activity during October.
tableEquivalent Units Direct material, Conversion,
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