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Name: Using the weighted-average method, compute the equivalent units of pro
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Description: Using the weighted-average method, compute the equivalent units of production for a new company that started 86,000 units into production and transferred 61,000 to the second department. Assume that beginning inventory was 0. Conversion is considered

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 10EA: Using the weighted-average method, compute the equivalent units of production for a new company that...

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Using the weighted-average method, compute the equivalent units of production for a new company that started 86,000 units into production and transferred 61,000 to the second department. Assume that beginning inventory was 0. Conversion is considered to occur evenly throughout the process, while materials are added at the beginning of the process. The ending inventory for Equivalent Units: Conversion is 12,500 units.

Equivalent Units of Materials	fill in the blank 1
Equivalent Units of Conversion	fill in the blank 2

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