17. LO.2 (WA EUP) For each of the following situations, use the weighted average methodto determine the equivalent units of production for labor and overhead, assuming thatthey are continuously at the same percentage of completion:a. Beginning WIP Inventory (45% complete)10,000Units started in production350,000Units transferred out344,000Ending WIP Inventory (60% complete)16,000b. Beginning WIP Inventory (30% complete)40,000Units started in productionUnits transferred out480,000?Ending WIP Inventory (70% complete)26,000C. Beginning WIP Inventory (55% complete)15,000Units started in production405,000Units transferred out415,800Ending WIP Inventory (90% complete)?d. Beginning WIP Inventory (25% complete)Units started in production10,800?Units transferred out351,600Ending WIP Inventory (45% complete)18,300

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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)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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