FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Month
January
March
July
January
March
Beginning
Work in Process
July
-0-
-0-
-0-
Units
Transferred Out
Materials
42,700
48,800
54,900
Ending
Work in Process
Units
12,200
9,760
19,520
Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of
the process and that conversion costs are incurred uniformly throughout the process.
% Complete as to
Conversion Cost
Conversion Costs
40 %
75
25
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Transcribed Image Text:Month January March July January March Beginning Work in Process July -0- -0- -0- Units Transferred Out Materials 42,700 48,800 54,900 Ending Work in Process Units 12,200 9,760 19,520 Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process. % Complete as to Conversion Cost Conversion Costs 40 % 75 25
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