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Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The first production department of Stone
Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct Materials Conversion Percent Units Beginning work in process inventory. 83,000 Percent Complete 75% Complete 25% Units started this period 437,000 Completed and transferred out 415,000 Ending work in process inventory 105,000 90% 40% Exercise 16-8 (Algo) Weighted average: Computing equivalent units of production LO P1 Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Equivalent units of production: Weighted average method Units Direct Materials Percent Complete + Conversion Percent EUP EUP Complete Total
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