Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 57,000 units were started in production; and 64,000 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 25% complete with respect to conversion. Equivalent Units of Materials fill in the blank 1 Equivalent Units of Conversion fill in the blank 2

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 57,000 units were started in production; and 64,000 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 25% complete with respect to conversion.

Equivalent Units of Materials fill in the blank 1
Equivalent Units of Conversion fill in the blank 2
Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 57,000 units were started in
production; and 64,000 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 25% complete with respect to conversion.
Equivalent Units of Materials
Equivalent Units of Conversion
Transcribed Image Text:Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 57,000 units were started in production; and 64,000 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 25% complete with respect to conversion. Equivalent Units of Materials Equivalent Units of Conversion
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