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U Using the information provided above. (Do not use a what if. Please use the information provided.) I need help completing my step 5, which
U
Using the information provided above. (Do not use a what if. Please use the information provided.) I need help completing my step 5, which is assigning cost to units completed and to units in Ending work in process. Everything that is highlighted in a bordered box is what needs to be filled in. If you can please label the answers and preferably set it up close to the problem so i can input them in my excel sheet, that would be perfect. Thank you!
Step 1 Summarize Flow of Physical Units Step 2 - Compute Equivalent Units UNITS EU. UNITS \begin{tabular}{c:c} % \\ \hdashline Completion \end{tabular} Units in Beginning WIP Started During Current Period To Account For You want to find out where the units went Units Completed and Transferred Out Assume 100% complete Ending WIP (Based on percentage) Step 3 - - Compute Equivalent Unit Cost Conversion Costs in Beginning WIP Costs in Current Production Costs added during the year. Equivalent Units Step 4 Costs to be accounted for Step 5 -.- Assign Cost to Units Completed and to Units in Ending Work-in-Process Completed and transferred out. Ending WIP - Materials EU Ending WIP - Conversion EU Ending WIP - Total Total costs accounted for Completed and transferred + Ending WIP Complete the WIP Dept T-AccountStep by Step Solution
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