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The Hardy Company manufactures a product that goes through two departments prior to completion. The following information is available on work in one of these
The Hardy Company manufactures a product that goes through two departments prior to completion. The following information is available on work in one of these departments, the Molding Department, during the month of July: Work in process, July 1 Started into production Completed Work in process, July 31 Units 50,000 440,000 430,000 60,000 Required: Fraction Completed Materials Conversion 3/5 5/6 2/5 2/3 The Molding Department is the first department in the production process, after molding has been completed, the units are transferred to the Finishing Department. Calculate the equivalent units for materials and conversion costs assuming the company uses the weighted-average method.
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