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Beginning work in progress is 4,750 units; 63,900 units completed, and ending work in progress is 6,600 units, which are 100% complete for direct materials and 50% complete for conversion costs. The beginning WIP inventory is 100% complete for direct materials and 50% complete for conversion. What are the equivelant units for materials and conversion using weighted average method? What are the equivalent units for materials and conversion using FIFO method?

Beginning work in progress is 4,750 units; 63,900 units completed, and ending work in progress is 6,600 units, which are 100% complete for direct materials and 50% complete for conversion costs. The beginning WIP inventory is 100% complete for direct materials and 50% complete for conversion. What are the equivelant units for materials and conversion using weighted average method? What are the equivalent units for materials and conversion using FIFO method?

FINANCIAL ACCOUNTING
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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Beginning work in progress is 4,750 units; 63,900 units completed, and ending work in progress is 6,600 units, which are 100% complete for direct materials and 50% complete for conversion costs. The beginning WIP inventory is 100% complete for direct materials and 50% complete for conversion. What are the equivelant units for materials and conversion using weighted average method? What are the equivalent units for materials and conversion using FIFO method?
Transcribed Image Text:Beginning work in progress is 4,750 units; 63,900 units completed, and ending work in progress is 6,600 units, which are 100% complete for direct materials and 50% complete for conversion costs. The beginning WIP inventory is 100% complete for direct materials and 50% complete for conversion. What are the equivelant units for materials and conversion using weighted average method? What are the equivalent units for materials and conversion using FIFO method?
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