Required: Compute the Molding Department's equivalent units of production for materials and conversion for the period. Note: Round your intermediate and final answers to the nearest whole number.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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MediSecure, Incorporated, uses the FIFO method of process costing. It produces clear plastic containers for pharmacies in a process
that starts in the Molding Department. Data concerning that department's operations in the most recent period appear below:
Beginning work in process:
Units in process
Completion with respect to materials
Completion with respect to conversion
Units started into production during the month
Units completed and transferred out)
Ending work in process:
Units in process
Completion with respect to materials
Completion with respect to conversion
Equivalent units of production
Materials
430
Conversion
72%
48%
152,600
152,570
Required:
Compute the Molding Department's equivalent units of production for materials and conversion for the period.
Note: Round your intermediate and final answers to the nearest whole number.
460
83%
22%
Transcribed Image Text:MediSecure, Incorporated, uses the FIFO method of process costing. It produces clear plastic containers for pharmacies in a process that starts in the Molding Department. Data concerning that department's operations in the most recent period appear below: Beginning work in process: Units in process Completion with respect to materials Completion with respect to conversion Units started into production during the month Units completed and transferred out) Ending work in process: Units in process Completion with respect to materials Completion with respect to conversion Equivalent units of production Materials 430 Conversion 72% 48% 152,600 152,570 Required: Compute the Molding Department's equivalent units of production for materials and conversion for the period. Note: Round your intermediate and final answers to the nearest whole number. 460 83% 22%
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