Equivalent Units of Materials   Equivalent Units of Conversion

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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Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 19,000 units; 52,000 units were started in production; and 54,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 35% complete with respect to conversion.

Equivalent Units of Materials  
Equivalent Units of Conversion  
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