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This is one 4 part question but mostly need help with the last 2 parts Problem 3. FourPaws Products Company uses an automated process to
This is one 4 part question but mostly need help with the last 2 parts
Problem 3. FourPaws Products Company uses an automated process to manufacture its pet replica products. For June, the company had the following activities: Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process. 1. Under weighted-average costing method, what are the equivalent units for direct materials and conversion costs, respectively, for June? 2. Under weighted-average costing method, what is the total cost assigned to the ending Workin-Process account for June? 3. Under FIFO costing method, what are the equivalent units for direct materials and conversion costs, respectively, for June? 4. Under FIFO costing method, what is the total cost assigned to the units completed and transferred out for June Step by Step Solution
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