The following information concerns production in the Finishing Department for July. The Finishing Department uses the weighted

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The following information concerns production in the Finishing Department for July. The Finishing Department uses the weighted average cost method.

a. Determine the number of units in work in process inventory at the end of the month.
b. Determine the number of units to be accounted for and to be assigned costs and the equivalent units of production forJuly.

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Survey of Accounting

ISBN: 978-1133189121

6th edition

Authors: Carl S Warren

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Question Posted: Feb 04, 2014 07:52 AM

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The following information concerns production in the Finishing Department for July. The Finishing Department uses the weighted

Question:

ACCOUNT Work in Process-Finishing Department Date 1 31 31 31 31 31 tem Bal, 20,000 units, 40% completed Direct materials, 144,000 units Direct labor Factory overhead Goods transferred, 142,500 units Bal, ? units, 60% completed July 24,600 345,000 163,200 86,700 -578,550 40,950

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a b Units in process July 1 U...View the full answer

Survey of Accounting

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