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The assembly division of Walton Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for May 2020: (Click the icon
The assembly division of Walton Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for May 2020: (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement. Begin by summarizing Total costs to accoun Data table Beginning work in process (May 1)a Started in May 2020 Completed during May 2020 Ending work in process (May 31)b Total costs added during May 2020 Physical Units (Watches) 70 480 440 110 www Direct Conversion Materials Costs $285,600 $100,400 $3,230,000 $1,400,000 Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion: direct materials, 70%; conversion costs, 40%. - X The assembly division of Wallon Time Pieces, Inc, uses the weighted-average rethod of process costing Consider the following data for May 2020 (Click the icon to view the data) (Click the icon to view the equivilent unit complatition) Read the requirement. Begin by summarine Data table
The assembly division of Walton Time Pieces, Inc. uses the weighted-average method of process costing. Consider the following data for May 2020: (Click the icon to view the data.) (Click the icon to view the equivalent unit computation.) Read the requirement. Begin by summarizing Total costs to accoun Data table Beginning work in process (May 1)a Started in May 2020 Completed during May 2020 Ending work in process (May 31)b Total costs added during May 2020 Physical Units (Watches) 70 480 440 110 www Direct Conversion Materials Costs $285,600 $100,400 $3,230,000 $1,400,000 Degree of completion: direct materials, 80%; conversion costs, 35%. Degree of completion: direct materials, 70%; conversion costs, 40%. - X
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