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Units of production data for the two departments of Continental Cable and Wire Company for May of the current fiscal year are as follows: Equivalent
Units of production data for the two departments of Continental Cable and Wire Company for May of the current fiscal year are as follows:
Equivalent Units of Production: Average Cost Method Units of production data for the two departments of Continental Cable and Wire Company for May of the current fiscal year are as follows: Drawing Department Winding Department 1,500 units, 60% 500 units, 25% Work in process, May 1 completed completed Completed and transferred to next processing department 24,000 units 23,400 units during May 1,100 units, 70% 800 units, 35% Work in process, May 31 completed completed Each department uses the average cost method. a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department Whole units 26,600 X units x units Equivalent units of production b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department. Whole units units Equivalent units of production units Feedback Check My Work a and b. How many units were started during the current period? How many units were complete at the end of the period? How many units were still in work in process? How much in resources had these units in ending work in process consumed during the current periodStep by Step Solution
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