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Calculate the equivalent units using the weighted average method

Calculate the equivalent units using the weighted average 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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The mixing department of Tangerine Company has the following data for February: Production: Units in process, February 1, 55% complete* Units completed and transferred out Units in process, February 28, 35% complete* 11,000 70,000 35,000 *With respect to conversion costs, all materials are added at the beginning of the process. Calculate the equivalent units using the weighted average method with respect to direct materials by following nonuniform application of manufacturing inputs. Oa. 70,000 units b. 105,000 units c. 57,750 units d. 76,050 units
Transcribed Image Text:The mixing department of Tangerine Company has the following data for February: Production: Units in process, February 1, 55% complete* Units completed and transferred out Units in process, February 28, 35% complete* 11,000 70,000 35,000 *With respect to conversion costs, all materials are added at the beginning of the process. Calculate the equivalent units using the weighted average method with respect to direct materials by following nonuniform application of manufacturing inputs. Oa. 70,000 units b. 105,000 units c. 57,750 units d. 76,050 units
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