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The assembly division of Quality Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of May 2017:
The assembly division of Quality Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for the month of May 2017: (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement. Begin by summarizing the total costs to account for. Begin by summarizing the total costs to account for. Next, calculate cost per equivalent unit for direct materials and conversion costs. Finally, assign total costs to units completed (and transferred out) and to units in ending work in process
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