Suppose your production manager tells you that one-half the WIP is 20% complete in terms of conversion,

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Suppose your production manager tells you that one-half the WIP is 20% complete in terms of conversion, and that the remainder is 70% complete. How would you modify the process costing report to include this information?

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Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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Question Posted: Feb 20, 2013 09:57 AM

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Suppose your production manager tells you that one-half the WIP is 20% complete in terms of conversion,

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Let us say that there are X units in WIP Then we would say that WIP has 045X 020 ...View the full answer

Managerial accounting

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