FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Vintage Baskets had the following department data:
Work in process, physical units.
August 1
Completed and transferred out
physical units
Work in process, physical units,
August 31
8,000
O 71,400.
O 75,000.
O 69,000.
O 67,000.
69,000
6,000
Materials are added at the beginning of the process. Conversion costs are added evenly throughout the process. The incomplete units
are 40% completed as to conversion costs. What is the total number of equivalent units for materials during August using the
weighted average method?
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Transcribed Image Text:Vintage Baskets had the following department data: Work in process, physical units. August 1 Completed and transferred out physical units Work in process, physical units, August 31 8,000 O 71,400. O 75,000. O 69,000. O 67,000. 69,000 6,000 Materials are added at the beginning of the process. Conversion costs are added evenly throughout the process. The incomplete units are 40% completed as to conversion costs. What is the total number of equivalent units for materials during August using the weighted average method?
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