17. LO.2 (WA EUP) For each of the following situations, use the weighted average method to determine the equivalent units of production for labor and overhead, assuming that they are continuously at the same percentage of completion: a. Beginning WIP Inventory (45% complete) Units started in production 10,000 350,000 Units transferred out 344,000 Ending WIP Inventory (60% complete) 16,000 b. Beginning WIP Inventory (30% complete) 40,000 480,000 Units started in production Units transferred out ? Ending WIP Inventory (70% complete) 26,000 c Beginning WIP Inventory (55% complete) 15,000 Units started in production Units transferred out 405,000 415,800 Ending WIP Inventory (90% complete)
17. LO.2 (WA EUP) For each of the following situations, use the weighted average method to determine the equivalent units of production for labor and overhead, assuming that they are continuously at the same percentage of completion: a. Beginning WIP Inventory (45% complete) Units started in production 10,000 350,000 Units transferred out 344,000 Ending WIP Inventory (60% complete) 16,000 b. Beginning WIP Inventory (30% complete) 40,000 480,000 Units started in production Units transferred out ? Ending WIP Inventory (70% complete) 26,000 c Beginning WIP Inventory (55% complete) 15,000 Units started in production Units transferred out 405,000 415,800 Ending WIP Inventory (90% complete)
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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