FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Weiss Company Weiss Company adds material at the start of production. The following production information is available for September: Beginning Work in
Process Inventory (45% complete as to conversion) 10,000 units Started this period 120, 000 units Ending Work in Process Inventory (80% complete as to
conversion) 8, 200 units Beginning Work in Process Inventory Costs: Material $24, 500 Conversion 68, 905 Current Period Costs: Material $75,600 Conversion
130,053 Refer to Weiss Company. What are the equivalent units for conversion using the FIFO method? Select one: a. 118, 360 b. 128, 360 c. 122, 860 d
. 123, 860 Refer to Weiss Company. What is the conversion cost per equivalent unit using the weighted average method? Select one: a. $1.55 b. $1.01 c. $1.61
d. $1.05
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