FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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1. Compute the department’s equivalent units of production for the month for direct materials. 2. Compute the department’s equivalent units of production for the month for conversion.

A department began the month with 8,000 units in work in process inventory. These units were 100%
complete with respect to direct materials and 40% complete with respect to conversion.
During the current month, the department started 56,000 units and completed 58,000 units. Ending
work in process inventory includes 6,000 units, 80% complete with respect to direct materials and 70%
complete with respect to conversion. Use the weighted-average method of process costing to:
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Transcribed Image Text:A department began the month with 8,000 units in work in process inventory. These units were 100% complete with respect to direct materials and 40% complete with respect to conversion. During the current month, the department started 56,000 units and completed 58,000 units. Ending work in process inventory includes 6,000 units, 80% complete with respect to direct materials and 70% complete with respect to conversion. Use the weighted-average method of process costing to:
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