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this is all the info that I am given, im not sure if FIFO/LIFO is necessary for this but weighted average is Exercise 3-10 Overton
this is all the info that I am given, im not sure if FIFO/LIFO is necessary for this but weighted average is
Exercise 3-10 Overton Company has gathered the following information Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: 21,580 195,220 24,850 Conversion costs 60% Materials 100 % Costs incurred Direct materials Direct labor Overhead $108,400 $414,114 $185,780 Compute equivalent units of production for materials and for conversion costs Materials Conversion Costs The equivalent units of production LINK TO TEXT Determine the unit costs of production. (Round unit costs to 2 decimal place: Materials Conversion Costs Unit costs LINK TO TEXT LINK TO TEXT Show the assignment of costs to units transferred out and in process. (Round a Transferred out Ending work in processStep by Step Solution
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